Ukraine will preserve grain export duties

Duties for grain export from Ukraine that led to the fall of shipment volumes will be preserved until the end of 2011, since the government turned down a proposal from the Agrarian Policy and Food Ministry to refuse from the duties, Deputy Director of the Ministry's Market Department Anatoliy Rozgon told journalists.

Friday 16 September 2011 (6 years 5 months 4 days ago)

Duties for grain export from Ukraine that led to the fall of shipment volumes will be preserved until the end of 2011, since the government turned down a proposal from the Agrarian Policy and Food Ministry to refuse from the duties, Deputy Director of the Ministry's Market Department Anatoliy Rozgon told journalists.

Agrarian Minister Mykola Prysiazhniuk last week proposed the government to abolish the duties making up from 9% to 14% of the customs grain cost, however, the Finance Ministry opposed it.

As UKRINFORM reported, duties for grain export were introduced since July 1; the state feared that due to the fact that the world grain prices are considerably higher against Ukraine, a very large volume of products will be exported from Ukraine. As a result, export of Ukrainian grain has actually stopped, in July its five fold drop was fixed to 300,000 tons against 1.5 million tons in June.
Ukraine is planning to harvest the yield to the amount of 51 million tons in 2011, which allows exporting 23-24 million tons of grain. In 2010, Ukraine gathered 39.2 million tons of grain and exported 12.7 million tons.

Interest Information Investments/ Ukraine.
http://invest-ukraine.net

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