Ukraine excludes wheat from list of export commodities subject to licensing

06.07.2022 12:44
Theme: News
Tonnage: Capesize,  Coaster,  Handysize,  Panamax,  Supramax
Cargo category:  Grain

Oats and Mineral or chemical, nitrogen fertilizers have been excluded from the Volumes of quotas of goods, the export of which is subject to licensing. Instead, these items are included in the List of goods, the export of which is subject to licensing.

As reported, on March 7 the government of Ukraine expanded the list of goods to be granted by export permits by the Ministry of Economy. Thus, wheat, corn, poultry meat, chicken eggs and sunflower oil were included in the list of licensed exports.

Back in March 2022, corn and oil were excluded from this list, but wheat remained, despite the requests of market participants.

As for oats, on March 5, a ban on its export was introduced in the form of a zero quota.

Nitrogen fertilizers were also prohibited from being exported at first, but at the end of March the government allowed their export within the quota of 210,000 t per quarter, or 70,000 t per month.

In June 2022, Ukraine managed to increase grain exports to 1.4 million tonnes (up 23% compared with May figures). In terms of crops, the country exported 86% more corn, 10% more wheat, and 3% more barley.