Approach to export prices for grain, honey and oil is being changed: what is expected

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The government has amended the procedure for approving minimum export prices for certain goods, including honey, soybeans, rapeseed, wheat, corn, sunflower oil and barley.

The government has amended the procedure for approving minimum export prices for certain goods, including honey, soybeans, rapeseed, wheat, corn, sunflower oil and barley, government representative in parliament Taras Melnychuk said on Friday in Telegram, UNN reports.

Details

"Amendments have been made to the Procedure for approving minimum permissible export prices for certain types of goods. The list of delivery terms under which minimum permissible export prices are determined has been supplemented for such goods as honey, soybeans and rapeseed, wheat, corn, sunflower oil and barley," Melnychuk wrote.

The percentile in the calculation of reference minimum export prices for certain goods has been changed from the fifth to the tenth. Using the quantile method.

When calculating minimum export prices, the prices of the previous month for goods declared under forward contracts, as well as under the relevant codes of the Ukrainian Classification of Goods for Foreign Economic Activity, i.e. seed export operations, will not be taken into account.

The minimum export price for goods cannot be lower than the price of the previous month.

Grain exports this season are 14% higher than last year17.01.25, 17:08

Julia Shramko Economy
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