Miller Magazine Issue: 131 November 2020

88 MARKET ANALYSIS MILLER / November 2020 won back. With regard to the rate of export of this season's harvest, Russia has sold more than 16 MMT, and the rhetoric about the introduction of quotas from the new year remains. Ukraine has shipped more than 10MMT, and according to market participants, another 3-4MMT have been sold before the new year, and the export limit is set at 17.5MMT. As the price rises, de- mand falls and the rate of export is lagging behind last year, but the available crop is getting smaller. DEMAND To regulate local prices and reduce the burden on