Ukraine: Grain export quotas to be distributed by auction later this month

The first auction for distribution of quotas for grain exports from Ukraine will take place at the end of October 2010, Boris Kolesnikov, the Vice Prime-Minister of Ukraine, was quoted as saying by AgriMarket.Info on October, 11.

According to B.Kolesnikov, auctions are the best and most uncovered form of grain export quotas distribution, and the Government plans to realize the quotas distribution through the reporting way.

According to him, the Government will not impose the quotas distribution in the same way as it was made last year, because the situation has changed a lot. The authorities also planned to share the quotas in equal parts in accordance to all received applications, but in such case the procedure will also become non-transparent, because one company can provide several application forms from several subsidiaries. That is why auction is one of the most uncovered forms of grain export quotas distribution, Mr. Kolesnikov said.

13 October, 2010