Ukraine’s wheat sales close to reaching 2019-20 export quota limit

Ukraine’s wheat sales have reached 19.925 million tonnes as of May 22, leaving only 275,000 tonnes available for export over the rest of the season which runs until June 30, Economy Ministry data showed.

The ministry said in response it would not increase the wheat export quota for the current season which is 20.2 million tonnes.

Last month, Ukraine, the world’s fourth-largest wheat exporter, was ready to ban wheat exports if sales exceeded limits agreed with traders, the deputy economy minister said.

Ukraine’s wheat harvest largely exceeds domestic consumption, but bakers and millers asked the government to limit grain exports to maintain bread prices.

The ministry also said total grain exports had reached a record 53.4 million tonnes so far in the 2019-20 season. In addition to wheat, the exports included 28 million tonnes of corn and 4.8 million tonnes of barley. Ukraine’s grain exports will rise to a record 52 million to 55 million tonnes this season from 50 million in the 2018-19 season, the ministry has forecast.

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