News
02.08.2011
Ukraine: grain exports in June increased by 4.5 times – National Bank
The value of grain export volumes from Ukraine in June 2011 increased by 4.5 times compared to June 2010 - up to 488 mln USD, informed the press release of the National Bank of Ukraine (NBU).
Due to accumulation of significant reserves in the previous periods and cancellation of the quota regime, the value of grain export volumes in June broke the record during recent years, according to the Bank.
As a reminder, since July 1 Ukraine canceled quotas on grain exports, which were imposed in the autumn 2010 because of the harvest failure. The Government imposed the grain export duties at the level of 9-14% until 2012.
In June 2011, Ukraine exported 1.5 mln tonnes of grains, including 700 thsd tonnes of wheat, 500 thsd tonnes of maize and over 260 thsd tonnes of barley.
