Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Ukraine's PM furnishes public apology to local, foreign grain traders
Ukraine's Prime Minister Viktor Yanukovych has furnished a public apology to local and foreign grain traders for the grain exports' restrictions enforced last month.

"We're sorry that this happened," he said in an interview with Gazeta 2000 weekly.

He admitted the methods used to contain grain exports were against the market principles. However, Yanukovych noted this was the only way to proceed under the given circumstances.

"Yes, these are non-market methods, however, we were about to lose the grain they wanted to export from the country. And it was wheat," the premier said.

He said that had the government failed to take grain exports under its control and permitted unrestrained grain exports, the price of bread in the country would have doubled.

At the same time, Yanukovych expressed hope that the government keep its good relations with grain traders. He assured them that if the state's strategic grain reserve was filled to capacity, grain traders would be allowed to export all available surpluses.

Ukraine's biggest grain traders estimate their losses at tens of millions of dollars, saying that only the daily demurrage totals round USD 35,000 per vessel.

According to experts, losses of producers who cannot sell their grain have reached several billons of hryvnias.
MGR Archive 16.11.2006
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice