KYIV. Aug 9 (Interfax-Ukraine) – Ukraine’s Agricultural Policy and Food Ministry has signed a memorandum of understanding with grain traders to stabilize the grain market and ensure for the predictable exports pace for 2017/18 agricultural year (July-June).
The ministry said on its website that the document contains tools for cooperation of grain market players, exchange of information and monitoring.
The sides decided to cooperate in approval of the balance sheet elements of the Ukrainian grain market, in particular, in calculation of the upper limits of grain exports, provision for food security and non-application of export restrictions.
As reported, the ministry predicts that grain harvest in 2017 will be 60.2-63 million tonnes.
Grain exports in 2016/17 agri-year tentatively totaled 44.441 million tonnes, and this is 4.954 million tonnes more than in the previous season.