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According to the Minister of Agrarian Policy of Ukraine Yuriy Melnik, the Ministry of Agrarian Policy would further insist on the soon renewing of grain export.
Commenting the price increasing on the world market of wheat up to the new historical records (367 USD/t - editor), the Minister noted that the current situation cannot be the obstacle for refusal from export.
As we informed before, the Ministry of Agrarian Policy offered to renew the grain export since December 15, 2007, but the decision was not accepted because of long-term formation of the new Government.
Let us remind you that the Government of Ukraine has introduced the quotas for grain export since July 01, 2007, in the volume of 12.000 tonnes, considered by the market participants as prohibitive. In November 2007, the Cabinet of Ministers took the decision to prolong the effect of the quotas till the end of 2007, and to permit the export of 1.2 mln tonnes of grain since January 01 till March 31, 2008.
According to the preliminary data, this year Ukraine harvested about 29 mln tonnes of grain against 34.3 mln tonnes in 2006. The experts estimate the export potential of Ukraine for 2007/08 season at the level of 4-5 mln tonnes.
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