Poland, Hungary, Slovakia to introduce own bans on Ukraine grains

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Poland, Hungary, Slovakia to introduce own bans on Ukraine grains
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The announcements follow a European Commission decision not to extend its ban on imports into Ukraine's five EU neighbors.

Five nations were allowed to ban sales of Ukraine grains

But the flood of grains and oilseeds into neighboring countries reduced prices there, impacting the income of local farmers and resulting in governments banning agricultural imports from Ukraine. The European Union in May stepped in to prevent individual countries imposing unilateral bans and imposed its own ban on imports into neighboring countries. Under the EU ban, Ukraine was allowed to export through those countries on condition the produce was sold elsewhere.

"As long as Ukraine is able to certify that the grain is going to get to the country of destination, through the trucks and trains, the domestic use ban is not really going to put a dent in Ukraine's ability to get exports out," said Terry Reilly, senior agricultural strategist for Marex. He noted that disruptions to Black Sea exports are a bigger concern.

"We will extend this ban despite their disagreement, despite the European Commission's disagreement," added Polish PM Mateusz Morawiecki. "We will do it because it is in the interest of the Polish farmer." The EU Commission said existing measures would expire as originally planned on Friday after Ukraine agreed to introduce measures such as an export licensing system within 30 days

Romania said it would wait for Ukraine to present its plan to prevent a surge of exports before deciding how to protect Romanian farmers.

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