The FINANCIAL -- For three months of activity of the customs duties on grain exports,
Ukraine lost 1.5 bln USD, reported the informational center of the
Ukrainian Agrarian Confederation with reference to Sergei Stoyanov,
General Director.
According to him, the export duties led to the depression on the export market of Ukraine , because commodity producers decided to sell the minimum grain volumes to exporters, waiting for “something better” from the market.
During the reporting period, Ukraine missed the opportunity to export at least 6 mln tonnes of grains as opposed to 3.3 mln tonnes of real export volumes. In the terms of the average grain price of even 250 USD/t, the general sum of losses of the Government totals 1.5 bln USD, which are so necessary for Ukraine to date to maintain exchange rate stability of the national currency and balance of payments, noted S.Stoyanov.
As a reminder, since July 1, 2011, Ukraine has active export duties on wheat and mixture of wheat and rye at the rate of 9% but not less than 17 EUR/t, barley - 14% but not less than 23 EUR/t, maize - 12 % but not less than 20 EUR/t.
On October 7, 2011, the Verkhovna Rada accepted the Law of Ukraine "On approval of the rates of export duties on certain types of agricultural crops". The Law is to cancel the export duties on wheat and maize, but the export duty on barley at the level of 14% but not less than 23 EUR/t, is still active until January 1, 2012.
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