News
06.07.2011
Ukraine: Ministry of Agrarian Policy is against the export duties on agricultural products
Nikholay Prysiazhnyuk, Minister of Agrarian Policy and Food of Ukraine, makes stand against the existing export duties on grains and imposition of such duties in the future to other agricultural products.
The position of the Ministry of the export duties is quite negative, he noted on July 5, commenting the information that the Ministry of Economic Development and Trade is preparing the draft law to expand the list of agricultural products under the export duties.
As a reminder, the Ministry of Economic Development and Trade intends to propose to impose the export duties on rye, oats, buckwheat and millet, soybeans, rapeseed and sunflower oil.
Previously, from July 1 to January 1, 2012, Ukraine imposed the customs duties on exports of wheat (9% of the customs cost, but not lower 17 EUR/t), barley (14%, but not lower 23 EUR/t), maize (12%, but not lower 20 EUR/t). Participants of the agricultural market repeatedly argued against imposition of the duties on grain exports, saying it would lead to rather significant reduction in domestic prices and losses of farmers.
