The Cabinet of Ministers of Ukraine did not consider a decision on restricting grain exports and it is not planning to take such a decision, the press service of the Social Policy Ministry has reported, referring to Vice Premier and Social Policy Minister Sergiy Tigipko.

“This is not a market measure, which does not strengthen the food security of the country and leads to direct losses for domestic agricultural producers. At present, global grain stocks are at a low level, and prices are growing. Our grain-growers should be given a chance to obtain a good reward for their labor,” the press service said, citing Tigipko.

He said that any restrictions of exports lower the investment attractiveness of Ukrainian agriculture, which needs a rapid development of infrastructure.

“We should not complicate the operation of Ukrainian agribusiness by additional non-market restrictions,” he said.

Earlier some media reports said, referring to Agricultural Policy and Food Minister Mykola Prysiazhniuk that from November 15 ,2012 Ukraine plans to ban exports of wheat.

Kyivpost