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Buckwheat stocks will be enough for Ukrainians, as relevant exports shrank significantly.
The State Customs Service of Ukraine says the country in January-March 2020 (Q1) boosted buckwheat imports to UAH 115 million, which was 6.5 times up year-over-year (y-o-y).
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"In the first quarter of 2020, Ukraine imported buckwheat worth UAH 115 million (US$4.6 million), which was 6.5 times more than in the same period last year. At the same time, buckwheat exports shrank significantly, therefore, its stocks will be enough for everyone," the agency said on Facebook on April 22.
As UNIAN reported earlier, the Cabinet of Ministers on April 3 adopted a resolution to ban buckwheat exports until July 1, 2020, to protect the domestic market amid the coronavirus outbreak in Ukraine.
In late March, the Anti-Monopoly Committee of Ukraine (AMCU) recorded a rise in prices of buckwheat by more than 50%, which was caused by a high demand for the cereal over the spread of the coronavirus and subsequent quarantine in Ukraine.