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Ministry of Economy: the objective reasons for the increase in sugar prices in the domestic market of Ukraine has no

Aug 10th, 2009 | By admin | Category: Main News

objective reasons for the increase in sugar prices in the domestic market of Ukraine no. This was at a press conference the Minister of Economy Bohdan Danilishin, transmits the correspondent of RBC-Ukraine.

He said that stocks of sugar in the domestic market of Ukraine today amount to 735 thousand tons, with average consumption of 150-160 tons, he noted that the cost of sugar harvest in 2008 is 3,2-3,6 grn /kg.

The main reasons for growth in sugar prices in the consumer market is the usual speculation. Some operators market by acquiring sugar on low prices, specially untwists hysteria and panic, to increase the cost of sugar and sell it expensive, - said Danilishin.

He recalled that the new crop of sugar will appear in the markets of Ukraine at the end of August To stabilize the situation on the sugar market the government is taking the following steps. We are concerned the intervention of the agricultural fund and the state material reserve, which is already on the market will be available 50 thousand tons of sugar, if necessary, it may be expanded. At this point in This case involves nearly 3 thousand shops, and the cost of sugar from the public supply and agricultural fund is much lower than those prevailing in the market - ranging from 4 to 4.2 UAH /kg, - said Danilishin.

He also noted that so far from the agricultural fund shipped 16 tonnes of sugar.

Danilishin added that the government encourages people not to buy sugar at inflated prices.

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