With the corn harvest down 15% yoy and prices at seven-year highs,

With the corn harvest down 15% yoy and prices at seven-year highs, Ukraine’s government decides this week on a request by pig and poultry producers to limit corn exports to 22 million tons – three times domestic needs. Traders fear this will create more turbulence in the Black Sea market. Russia, fearing unrest over rising food prices, plans to impose a higher export tax on wheat and corn in March.