Bloomberg News

Ukrainian Grain Exports Decline as Taxes Continue, Group Says

October 14, 2011

Oct. 14 (Bloomberg) -- Ukrainian grain exports fell this month as taxes on shipments remained in effect, the country’s Agrarian Confederation said.

Deliveries slid to 400,000 metric tons in October’s first 13 days from 830,000 tons a month earlier, Sergey Stoianov, director of the producers’ group, said by e-mail late yesterday. The decline stemmed mainly from the continuation of the taxes, he said.

Ukraine’s parliament voted Oct. 7 to cancel duties on wheat and corn exports as of Jan. 1, while maintaining a tax on barley shipments. President Viktor Yanukovych has yet to sign the measure, a requirement for it to take effect.

--Editors: Dan Weeks, John Deane.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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