Ukrainian grain traders oppose restrictions on corn exports

Foreign media January 20 news: Ukraine's grain traders expressed opposition to restrictions on corn exports.
Ukrainian feed producers and meat producers have called for restrictions on corn exports to avoid rising feed prices.
29.3 million tonnes of corn in Ukraine by 2020, down from 35.9 million tonnes the year last year.
10.5 million tons of corn in the year to January 18, down 3.5 million tons from a year earlier.
domestic feed producers are concerned that large-scale exports could lead to a sharp drop in inventories and push up prices.
UGO, the Ukrainian traders' association, points out that Ukraine still has more than 21 million tons of corn, so there will be no shortage and it would not be appropriate to set an export cap.
, the association noted that Ukraine's corn export season was over and exports would decline.
The Ministry of Economy and the Agricultural Association of Ukraine will decide on January 25th whether to limit corn exports to 22 million tonnes in 2020/21.
last week ukraine's livestock and poultry farmers' association asked the government to restrict corn exports to avoid shortages of animal feed.
Deputy Economy Minister Taras Vysotskiy said it was unclear whether he would accept the proposal, stressing that it was not an export restriction, but an industry agreement.
foreign traders are concerned that export restrictions could lead to more market turmoil.
the situation has been exacerbated by the imposition of export tariffs on Russia.
russia plans to raise wheat export tariffs to 50 euros per ton from March 1, up from 25 euros per ton in the second half of February.
ukraine needs about 7.5 million tons of corn to meet domestic demand, the ministry said.
, Ukrainian pig and poultry farmers unsuccessfully recommended a cap on corn exports because of soaring feed costs.