Ukraine considers cap on wheat exports

Ukraine, one of the world’s top grain exporters, said on the 11 August 2010 that it was considering a cap on wheat exports, a move that would put added pressure on already surging global grain prices.

The announcement comes nearly a week after Russia, the world’s third largest exporter, introduced a ban on grain exports until the end of 2010 after the worst drought in a century devastated the country’s crops.

ESO: Background information: Wheat prices ease after Russia predicts stable exports http://www.europeansources.info/record/wheat-prices-ease-after-russia-predicts-stable-exports/

BBC News, 17.8.10: Ukraine may slash grain exports as drought worsens http://www.bbc.co.uk/news/business-11003544

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