Ukraine to increase quotas for exports of wheat, corn: minister

10:14, January 27, 2011      

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Ukraine is to increase quotas for wheat and corn exports before the end of March, Ukrainian Agriculture Minister Mykola Prysiazhniuk said Wednesday.

"The government may add 1 million metric tons to the wheat quota and 1.7 million tons to the corn quota," Prysiazhniuk told reporters after a cabinet meeting.

The quotas could be lifted after the end of March, the minister added.

Ukraine's grain harvest in 2010 dropped by 14.6 percent compared with the previous year, according to official figures.

The country imposed the export caps in October but last month extended them until March in a move to keep domestic prices after a summer drought damaged crops.

Ukraine, one of the world's largest grain exporters, has so far exported 6.7 million tons of grain during the current marketing year, which lasts from July 2010 until June 2011.

Source: Xinhua

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