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Ministry of Economics suggests grain export licensing introduction
06.09.2006 09:54 "Agro Perspectiva" (Kyiv) —
Ministry of Economics has elaborated draft Decree on 2006 grain licensing system introduction targeted at domestic grain/grain products market stabilization, reported Ministry of Economics official website. As to report, Ministry will accept all proposals/suggestions concerning draft Decree till Sept 30. As to Ministry, companies are now rather active in grain (in part. food wheat) export contracts concluding. Ministry experts admit this MY grain contracting rates are much up against last MY, what makes it necessary to regulate currently executed wheat export operations through licensing establishing/export control toughening. As to Agro Perspective earlier report, this Mar Cabinet had already examined on one of its meetings possibility of grain licensing introduction until Jul 2006, motivated by wheat foreign markets active export. However, despite some Ministers demands, Cabinet didn’t approve any decision. It is to be reminded, in 2005/2006 MY companies had exported 13.3 mn MT grain, up 20% as of 2004/05 MY. Domestic market food grain annual requirement is estimated 6.57 mn MT.
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