NEWS
Fri Oct 19, 2012 12:06 PM CDT

(Dow Jones) -- Ukraine's stocks of exportable wheat may run out within weeks, according to the country's agriculture ministry, meaning it could become the first leading producer to impose trade restrictions that could lead to a further damaging spike in world food prices.

The country has contracted a total of 5.4 million metric tons of wheat for shipment this marketing year, which already accounts for the country's total exportable surplus, Ukraine's First Deputy Agriculture Minister Ivan Bisyuk said in a statement on the ministry's website. Kiev said its stocks would be depleted by around Nov. 15 to Nov. 20.

"This ...

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