Business news from Ukraine

EBA ASKS AGRICULTURE MINISTRY TO ALLOW EXPORT OF VARIOUS GRAIN GRADES

29 March , 2016  

KYIV. March 29 (Interfax-Ukraine) – The European Business Association (EBA) has asked the Ministry of Agricultural Policy and Food to support changes to the instruction on grain accounting and standards for wheat, corn, barley, rapeseeds and soybeans, which permit the formation of export batches of various grain grades stored in elevators.

According to a press release from the EBA, participants in the grain market have problems with the formation of export batches of grain at grain storage facilities and port elevators. These problems occur because of inconsistencies in the outdated state standards and departmental instructions and requirements of today’s market.

“The main problem is the impossibility of forming export consignments of various classes of cereals (mainly wheat) both at granaries and port terminals As a result, a deficit of infrastructure for the simultaneous storage of grains of different classes appears,” reads a statement.

The inability to mix grains leads to unnecessary logistics costs of domestic exporters, the excessive length of grain transshipment in ports and congested transport infrastructure.