Ukraine could cut exports of milling wheat by up to 25% this year,

Ukraine could cut exports of milling wheat by up to 25% this year, according to traders and analysts interviewed by Reuters. A poor crop, a weakening hryvnia, high export prices, and politicians’ fear of bread prices rising in an election year could combine to push Kyiv to slow exports, largely through such informal means such as inspections. Referring to pressure on Ukraine and Russia, Yelizaveta Malyshko, a UkrAgroConsult analyst, tells Reuters: “Undoubtedly, both countries have grounds for controlling actual grain shipments.”