Ukraine might decide in mid-January to limit milling wheat exports for the rest of the 2021-22 marketing year to protect domestic supplies and keep prices from rising, according to the two sources cited by Reuters. They indicated milling-quality wheat shipments could be limited to 4 MMT through June.
The current quota sets 2021-22 wheat exports at 25.3 MMT, without differentiating between feed or milling quantities. The country has already exported 15.6 MMT of wheat.
“A plan to restrict exports sounds reasonable since there are about 4 MMT of milling wheat in stocks. This will last until April-May, then there may be a threat to food security,” a market source said.
Ukraine’s flour makers association recently told the government a milling wheat shortage could significantly affect the country’s flour and flour products.
