Official: Ukraine to ban wheat exports from November 15.

By bne IntelliNews October 25, 2012
Ukraine will introduce a ban on wheat exports from November 15 this year, writes Reuters, citing Ukrainian Agricultural Policy and Food Minister Mykola Prysiazhniuk. Prysiazhniuk had said that Ukraine would consider imposing limits if the high level of exports threatened to push up the price of bread at home. Last week the government said the high pace of wheat exports would exhaust stocks of Ukrainian wheat available for shipping abroad by November 15-20, and it urged traders to be cautious in concluding new contracts. Ukraine exported 3.8mn tonnes of wheat as of October 22, and a further 1.6mn tonnes was contracted.
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