Business news from Ukraine

UKRAINE BANS BUCKWHEAT EXPORT

5 April , 2020  

The Cabinet of Ministers has imposed a ban on export of buckwheat until July 1.
During a meeting on April 2, the government approved respective order amending supplement 1 to instruction No. 1109 of the Cabinet of Ministers of Ukraine dated December 24, 2019.
“Thus, the resolution introduces a temporary licensing and quotas for buckwheat and peeled buckwheat grain (no bran covering) export until July 1, 2020,” the Economy Ministry said in a statement on Thursday evening, April 2.
In particular, a zero quota volume was established for the goods (according to foreign economic activity codes 1008 10 00 00 and 1104 29 17 00).
The relevant amendments, according to the Economy Ministry, were made in supplement 1 to instruction No. 1109 on the quota volumes of export of goods which is subject to licensing in 2020.
According to the ministry, the ban on buckwheat export is a temporary measure necessary to protect the domestic market. The Economy Ministry said that Belarus, the Russian Federation and Kazakhstan have temporarily closed their borders for buckwheat export.
“To date the situation in the Ukrainian market is stable. The government is in dialogue with manufacturers and retailers all the time. Ukraine will negotiate with the main producing countries to lift bans in order to maintain international food security and restore normal international trade conditions,” the ministry said.
The ministry also urges Ukrainian agricultural enterprises to increase the area sown with buckwheat.

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