NEWS
Wheat Ban Could Raise Prices
Thu Oct 25, 2012 10:36 AM CDT

(DOW JONES) -- Ukraine's upcoming ban on wheat exports could increase prices on the international market and risk disturbing traditional trade flows, according to the European Union's executive arm, as the Black Sea nation looks set to become the first leading producer to impose restrictions in the wake of summer droughts.

Ukraine's agriculture ministry said Wednesday a ban on the export of wheat will come into effect from Nov. 15 because of concern that stocks are running low on the domestic market due to a poor harvest. Summer droughts have scorched crops across the globe, including Ukraine, causing price of ...

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