Home Business News Ukraine suspends all exports ‘of corn, oats, buckwheat, sugar and salt’ which will affect global ‘food security’

Ukraine suspends all exports ‘of corn, oats, buckwheat, sugar and salt’ which will affect global ‘food security’

by LLB Reporter
8th Mar 22 11:58 am

The Ukrainian government has announced that they are to suspend the export “live cattle” and Frozen meat along with “corn, oats, buckwheat, sugar, millet and salt.”

Under the government’s resolution No. 207 which was dated 5 March and was published on the government website on Sunday confirms the suspension of exports from Ukraine.

According to the amendments he made to resolution No. 1424 on the list of goods whose export and import is subject to licensing, and quotas for 2022, dated December 29, 2021.

Zero quotas were also introduced for the export of live cattle and its frozen meat, “meat and edible meat offal, salted or in brine, dried or smoked; edible meal from meat or meat offal: bovine meat.”

It was announced on Sunday by the Prime Minister Denys Shmyhal, that the government have decided to limit the export of a number of socially important goods and the raw materials from which they are produced, but he did not specify specific product groups.

Anna Nagurney, a professor of supply chains, logistics and economics at the University of Massachusetts Amherst previously said, Wheat, corn, oils, barley, flour are extremely important to food security … especially in the poorer parts of the globe.”

Countries around the world who rely on affordable wheat exports from Ukraine could face severe shortages starting in July, International Grains Council director Arnaud Petit told The Associated Press.

Leave a Comment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]