Ukrainian traders are asked to sell more milling wheat
The Ministry of Agrarian Policy urges traders to switch to fodder trade so as not to provoke an increase in inflation.
The Ministry of Agrarian Policy sees no threat to supply the domestic market with food wheat, despite the high export rates. At the same time, the agency urges traders to switch to fodder trading before the end of the 2021/2022 season so as not to provoke further inflation, Refinitiv Agriculture reports.
According to the Deputy Minister of Agrarian Policy Taras Vysotsky, the volume of already exported food wheat amounted to about 80% of the total export expected for the current season.
Ministry data showed that Ukraine exported 10.8 million tons of food wheat this season out of an export potential of 13.4 million tons.
The Deputy Minister advised traders to switch to the export of feed grain so as not to provoke an increase in domestic prices for wheat.
The indicator of exports of feed wheat from Ukraine this season is still 5.3 million tons, or about 45% of the possible export volume.