Ukraine published the Memorandum of Understanding between the Ministry of Agrarian Policy and grain exporters

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The text of the Memorandum of Understanding signed on January 27, 2015, by Oleksiy Pavlenko, Minister of Agrarian Policy and Food of Ukraine, and grain companies-exporters, was published at the web-site of the Ministry of Agrarian Policy.

According to the document, in 2014/15 MY the estimated export volumes of all grades of wheat will total 12.8 mln tonnes, including 4.6 mln tonnes in January-June period of 2015. The export volumes of A- and B-group milling wheat (I-V grades) in 2014/15 MY are planned at 7.1 mln tonnes, including 900 thsd tonnes in the I quarter of 2015 (in January — nearly 300 thsd tonnes, in February — 450 thsd tonnes, in March — 150 thsd tonnes), and 300 thsd tonnes in the II quarter. The exports of milling wheat may be increased in March 2015, depending on the condition of winter crops areas.

The annual exports of non-food wheat (6-grade grain, and non-grade) are expected to reach 5.7 mln tonnes, including 3.4 mln tonnes in January-June period of 2015.

The export volumes of barley in 2014/15 MY will reach the level of 4.2 mln tonnes, including 0.6 mln tonnes in the second half of the current MY.

In January-June of 2015 the exports of rye will total 19 thsd tonnes (the export forecast for 2014/15 MY — 30 thsd tonnes).

The export volumes of maize in the current MY are forecasted at 20.2 mln tonnes, including 13.2 mln tonnes to be supplied on foreign markets by the end of 2014/15 MY.

We should note that the following persons signed the document on behalf of grain exporters: Vladimir Klimenko (Ukrainian Grain Association), Taras Kachka (American Chamber of Commerce in Ukraine), Leonid Kozachenko (Ukrainian Agrarian Confederation), Nikolai Gorbachev (European Business Association), Ivan Tomich (Association of farmers and private landowners of Ukraine), Gennady Novikov (Agrarian Union of Ukraine), Alex Lissitsa (Ukrainian Agribusiness Club), and Anna Golodova (GAFTA).