Reuters / The European Union’s top farm official says Ukraine’s decision to ban wheat exports from Nov. 15 risked increasing world grain prices and disturbing international trade flows.
“I am deeply disappointed to see this announcement. It will add unnecessary tension to international agricultural markets, and those that will suffer most will be the world’s poorest,” said EU agriculture commissioner Dacian Ciolos.
Leading wheat importer Egypt says Ukraine is damaging its credibility on international grain markets.
However, Agriculture Minister Mykola Prysyazhnyuk says the ban is necessary to keep a lid on domestic bread prices.
“We are not playing games here. We do not have any other option,” he said.
The wheat harvest was down by a third this year because of bad weather.