Participants in the grain market and the Ministry of Agrarian Policy and Food of Ukraine have set the maximum export volumes for wheat in the current 2021/2022 marketing year (MY) at 25.3 million tonnes, compared to 17.5 million tonnes in the previous marketing year. According to the ministry’s website, the corresponding addition to the memorandum of understanding for 2021/2022 was signed on October 19.
The ministry recalled that it is organizing the signing of such memorandums on its platform, starting in 2011, to ensure food security, in order to avoid the use of export restrictions, to ensure a predictable grain export regime and to stabilize the grain market in Ukraine.
“The practice of signing memorandums is successful in terms of compliance by the signatories with the conditions on the possibility of exporting grain volumes,” the department noted.
At the same time, this year the heads of the Ukrainian Millers union, the Ukrainian Bakers’ Association and Ukrkhlibprom withdrew their signatures to the memorandum, considering the export ceiling without dividing wheat into food and fodder as highly inflated.
