Ukraine removes grain export quotas

In a move that will surely help major grain operations in the country (including ADM, Cargill and BG), the Ukraine announced that they have removed grain quotas limiting the amount of agricultural products domestic operations could export out of the country.

European wheat prices are presently the equivalent of $345 per tonne for country’s anticipated harvest.

It is anticipated that the country will also move to enforce small taxes on grain exports in the coming days.

Read about it here.