20 October 2011
Yesterday President Viktor Yanukovych signed the law that abolished export duties for wheat and corn, according to the presidential website. Duties for cereals had been in place since June 1, 2011: maximum of 9% of the value or EUR 17 per mt for wheat, and maximum of 12% or EUR 20 per mt for corn. The export duty on barley was unaffected by the new law and left in place at a maximum of 14% or EUR 23 per mt. For more details, see our flash note dated October 10, 2011.