Grain and Oilseeds
On 17 August 2020, the Mineconomy and the participants of the grain market signed the Annex to the Memorandum of Understanding for the 2020/2021 marketing year.
According to the Annex, in the 2020/2021 marketing year, the maximum volume of wheat exports amounts to 17.5 million tons, while the maximum volume of the rye exports amounts to 1 thousand tons. The signatories also agreed on the possibility of reviewing the volume of grain exports in the 4th quarter.
The Grain Memorandum is designed to ensure the predictability and flexibility of the grain exports market, which is an important component of the successful export activities. After all, stability and predictability are a priority for Ukraine and one of the main factors of national and food security. For the tenth year in a row, the Memorandum has been one of the main factors in maintaining the balance between domestic grain consumption and export opportunities.
The European Business Association thanks to the Mineconomy for effective cooperation with the leading players of the grain market of Ukraine!