The Ukrainian government is not considering further intervention in wheat exports at this stage, but may do so later in the current season if export rates prove to be too high.

This was announced by Taras Kachka, Ukraine's deputy economy minister and trade representative, Refinitiv Agriculture said on its Telegram channel. "By mid-November Ukraine had shipped 52% of the annual export volume agreed last month with the grain sector of 25.3 million tonnes for the 2021/22 season (July-June).

The country traditionally exports wheat mostly in the first half of the season before the rate of exports drops sharply when exporters turn to other countries for grain imports. The shipment schedule is changing with demand, but we are not concerned," the deputy minister said. He said when the export quota is almost reached, the government may start considering export restrictions, but Ukraine would prefer not to restrict exports, unlike Russia, which has imposed an export duty. "The government could allow an additional 100,000 to 200,000 tonnes to be exported and use state stocks before considering export restrictions. But if the rate of exports remains tentative, for example, if 90% of the quota is exported before March, then we need to have daily discussions with traders," comments Kachka. The trade representative notes that the government wants to be open to the highest possible level of exports, but not at the expense of domestic consumption.

Source: Agravery.com

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