Ukraine has implemented a new export system for main agricultural products, including grain, which prohibits exporting batches of goods at prices lower than those set by the Ministry of Agriculture.
Ukraine is one of the world's leading producers and exporters of grains and oilseeds and the new system came into force on December 1.
The government launched this plan to combat price distortions linked to the invasion of Russia, which led to increased domestic cash purchases of certain agricultural products and their subsequent export at artificially low prices in order to avoid taxes.
In accordance with the new rules, the minimum permissible export prices will be calculated based on data from state customs services, taking into account the delivery conditions of the previous month and applying a 10% discount.
The Ministry of Agriculture has already published the minimum prices on its website and will update it on the 10th of each month.
The ministry also said it had removed the need for exporters to go through the screening procedure and obtain licenses to export food products.
The mechanism involved the compulsory registration of an export company in a special agricultural register and, in the absence of such registration, the need to obtain a license for each export operation.
