Ukraine: Legislators maintain 14% export duty on barley shipments

Ukrainian legislators voted to scrap export duties for corn and wheat, while maintaining a 14 percent levy on barley shipments, Bloomberg reported on October, 7.

The country can export 23.4 million metric tons of grain in the marketing year that started July 1, according to the bill, which was published on the parliamentary website. That includes shipments of 11.1 million tons of wheat and 9.1 million tons for corn, it showed.

The bill must be signed by President Viktor Yanukovych to take effect.

Ukraine imposed its first taxes on grain exports as of July 1, replacing quotas on shipments. The Agriculture Ministry expects this year’s grain harvest to match the record 53 million-ton crop of 2008 as favorable weather helps to improve yields.

Parliament imposed a 3 percent tax on exports of soybeans, rapeseed and sunflower oil, according to the website.

The duty on barley exports (not less than 23 EUR per tonne) will remain in effect until the end of this year.

07 October, 2011