Ukraine prolongs grain export quotas

The Ukrainian government on Wednesday took the decision to prolong temporary quotas on grain exports until July 1 2011, Minister of Agrarian Policy Mykola Prysyazhnyuk said.

Last year’s draught hit Ukraine’s grain crop hard, and the government had to limit exports of wheat to 1 million tons, corn to 3 million tons and barley to 200,000 tons. The quotas were to expire in April 2011.

“The quota was extended until July 1, 2011. We will raise the quota on corn by 2 million tons,” Prysyazhnyuk said.

The Ukrainian grain exports quotas will be shared among companies during an open auction regulated by special law to be adopted by the Ukrainian parliament soon.

KIEV, March 20 (RIA Novosti) 

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