How the ban on imports of Ukrainian agricultural products affected domestic grain prices

Uncertainty about the continuation of the “grain corridor” and the ban on imports of certain types of Ukrainian agricultural products to five EU countries led to a drop in prices on the domestic market of Ukraine.

This was stated by the grain market expert of UkrAgroConsult, Elizaveta Malyshko, in an interview with The Ukrainian Farmer.

According to her, for Ukraine as a grain producer and exporter, the bans, which were centrally approved by the European Commission, mean only that we cannot import certain agricultural products to five countries.
“However, all these bans lead to lower prices in the domestic market of Ukraine. In particular, after the introduction of a temporary ban on imports of certain crops to 5 EU countries and uncertainty about the continuation of the grain corridor, wheat prices in our country fell by 400 hryvnias, i.e., in just 10 days the price of grain fell by 10-15%. However, as prices on the Ukrainian market have fallen, so have prices for Polish agricultural products,” said Elizaveta Malyshko.

Tags: EU, prices, wheat, restrictions, Ukraine, grain