Assuming the reason behind latest suggested export restrictions is to ensure the price of bread doesn’t rise and ignoring that it probably contravenes WTO rules not to mention IMF loan conditions you have to question the rationale behind this current piece of protectionist policy.
The most likely outcome will be that small Ukraine farm business failing to capitalise on the current market rally will once again have little working capital to invest in quality seed, fertilisers and sprays not to mention machinery come planting time.
The hand to mouth existence that typifies small Ukrainian farm business will continue on for yet another year.
Nice one lads!
