The ban on buckwheat exports will remain in force in Ukraine until the end of the year. The First Deputy Minister of Agrarian Policy and Food of Ukraine Taras Vysotskyi told how long this ban will last and when it will be lifted, ProAgro Group reports.
“Until the end of the year, the ban on buckwheat exports will be unambiguous, whether it will be extended from January 2023, we will understand at the end of November, as its harvesting is still ongoing. When we see that the production, which was forecasted at 140 thousand tons, will already be in our pantry, then we can talk about something. But there can be no free export,” he assured.
At the same time, Taras Vysotskyi noted that Ukrainians need 110 thousand tons of buckwheat for domestic consumption. He also explained why the decline in buckwheat prices is more gradual than it was predicted.
“In September there was an abnormally high rainfall and in fact for 2-3 weeks the harvesting of all crops, including buckwheat, stopped. In the summer there was an expectation that farmers would harvest the crop in September, and in October it will already hit the market. Therefore, the final effect of the price will be achieved for the consumer in November,” said Taras Vysotskyi.
As for other cereals, there will be no shortage, assured the First Deputy Minister. Their production is 99% domestic, so Ukrainians will have more than enough cereals for domestic consumption.
