A government decision to resume grain exports from Ukraine is likely to cause a rise in local food and feed wheat prices, analysts said on Monday. "The decision (to resume exports) means trade will start actively because exporters have to implement the postponed contracts," ProAgro agriculture consultancy said in statement.
Ukraine's grain exports were blocked for the two first weeks of November because of confusion over the legality of shipments under a quota system introduced by the government in mid-October.
Last week the agriculture ministry said the country had resumed grain export shipments, exporting 37,800 tonnes of barley and 56,600 of wheat for the first time since the government suspended activity on November 2. ProAgro said Ukraine's feed wheat prices were at about n $131 per tonne FOB Black Sea and remained almost unchanged for at least several weeks. The 4th class milling wheat cost about $156 per tonne CPT.