The European Commission said on Monday it was extending until Sept. 15 an arrangement whereby five of Ukraine's EU neighbours can restrict imports of Ukrainian grain.
ban domestic sales
Those restrictions, designed to ease excess supply, were due to expire on Monday. The five countries had sought an extension, complaining cheaper Ukrainian grain was making domestic production unprofitable. Ukraine lobbied for them to be lifted.The Commission, which oversees EU trade policy, said bottlenecks and scarce storage capacity persisted and the mid-September phase-out would allow for improvements in getting grain out of Ukraine and through the transit countries.
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