Ukraine Sets Corn Export Cap
Ukraine recently established a 24 million metric ton cap for exports of corn for the 2020-2021 marketing year, the U.S. Department of Agriculture Foreign Agricultural Service reported Feb. 5. The export cap was implemented after Ukrainian feed producers lobbied for…
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export limits due to concerns that increasing grain prices “would have a direct impact on the profitability of their businesses,” the FAS said. Although the announcement set an export threshold, FAS said there is a “high probability” remaining corn stocks can be “freely exported” July to September “before the conclusion of the standardized” marketing year.