Ukraine will cut its exports of milling wheat for bread by 20% this year
Monday, August 13, 2018

Ukraine will cut its exports of milling wheat for bread by 20% this year

Ukraine will cut its exports of milling wheat for bread by 20% this year, under an agreement between traders and the Ministry of Agriculture, Reuters reports. Overall wheat sales through next June will be down only 7% to 16 million tons. But milling wheat will drop to 8 million tons. The export accord is signed annually. With poor harvests in Europe, Australia and the Black Sea basin, the news on Aug. 2 that Ukraine was going to cut exports set off a wheat price spike in Chicago commodity markets.

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