For which goods Minagro will set minimum export prices: list

The Ministry of Agrarian Policy and Food has published a list of goods for which the minimum allowable export prices will be set.

According to the resolution adopted by the Cabinet of Ministers, the agency will determine the minimum export prices for certain goods, taking into account the terms of delivery in accordance with the International Rules for the Interpretation of Commercial Terms, the Ministry of Agrarian Policy reported.

The minimum allowable export prices will be determined for certain types of goods, classified under the appropriate codes according to the UCT of the Economic and Monetary Union, namely:

• honey (code according to International Classification Code 0409 00 00 00)

• nuts in shell (code according to International Classification Code 0802 31 00 00)

• nuts without shell (code according to International Classification Code 0802 32 00 00)

• wheat (code according to International Classification Code 1001)

• rye (code according to International Classification Code 1002)

• barley (code according to International Classification Code 1003)

• oats (code according to International Classification Code 1004)

• corn (code according to International Classification Code 1005)

• soybeans (code according to International Classification Code 1201)

• rapeseed (code according to International Classification Code 1205)

• sunflower seeds (code according to International Classification Code 1206 00)

• soybean oil (code according to International Classification Code 1507)

• sunflower oil (code according to International Classification Code 1512)

• rapeseed oil (code according to International Classification Code 1514)

• cake (code according to International Classification Code 2306).

Minagro determines the minimum allowable export prices for each type of product, taking into account the terms of delivery, and by the 10th of each month, and if such a day falls on a holiday, on the following working day.

The export of certain types of goods is prohibited if the contract (foreign trade) prices stipulated in the foreign economic agreement are lower than those approved by the Ministry of Agrarian Policy.

As a reminder, the Ukrainian Grain Association (UGA) believes that the introduction of the minimum price mechanism will lead to a significant drop in grain exports from Ukraine. In particular, the new mechanism may cause losses to the agricultural producer.

Experts from the European Business Association (EBA) also spoke against the new order. They believe that the proposed approaches could lead to manual management of grain and oil exports – by blocking tax invoices and adjustment calculations.