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. Last Updated: 07/27/2016

EU Still Mulling Russian Grain

PARIS -- The European Union' grain management panel has approved four regulations governing the new system of import quotas for soft wheat, barley and malting barley, EU officials said Friday.

Three regulations covered the management of the quotas and a fourth concerned the level of duties applicable, they said.

EU farm ministers on Tuesday agreed the establishment of the new quotas aimed at controlling the flood of wheat imports from Russia and Ukraine.

An import quota of 2.98 million metric tons will be set up from Jan. 1 for low- and medium-quality wheat. Within the quota, 610,000 tons is reserved for the United States and Canada. Negotiations are continuing with Russia and Ukraine on whether they should also have an allocation.