COM - EU sounds warning after Poland and Hungary ban Ukrainian grain

2023-04-17 03:30:25 ET

Poland and Hungary have banned imports of grain from Ukraine, as well as its transit through their countries, despite a warning from the EU that the unilateral actions would go against the bloc's trade policies.

The move by the two countries seeks to protect their farmers, which have staged protests in recent months due to a grain glut and crashing prices.

Soon after Russia invaded Ukraine, the EU scrapped tariffs and quotas on Ukrainian grain imports, seeking to help the country that wasn't able to export its product due to logistical problems caused by the war and blocked Black Sea ports .

Poland's ban is set to last until the end of June, but with another grain export deal - between Ukraine, Turkey, Russia and the United Nations - up in the air, grain markets could see some renewed volatility.

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