The Government commissioned Goskomrezervu undertake intervention in the sugar market

Written by admin on June 15th, 2009

Goskomrezerv exercised leave 10 thousand tons of sugar in terms of prepayment, without the right to resale at an agreed price with the Ministry of Economy to retailers, as defined in consultation with the Ministry of Economy of Regional Administration for the implementation of its population.

line with the Cabinet of Ministers № 611 dated May 20, published in the press.

According to him, the trading price of the allowance to the implementation of the sugar gosrezerva should not exceed 10% excluding transportation costs.

Government has also commissioned Goskomrezervu to replenish stocks of sugar produced from the new crop, at least to the extent undertaken gosinterventsii.

agropolitiki Minister Yuriy Melnyk at the end of May reported that the Government instructed the agricultural fund and enforce Goskomrezervu sugar to ensure a stable price situation in the domestic market. He predicted that gosinterventsii should start in early June.

Yu Melnick added that Minagropolitiki offered to sell the Agricultural Fund for sugar at a price of 3,71 UAH per kg (excluding delivery) and limited trading premium of 15%.

It was reported that under the influence of shortage of sugar at world market prices went up to him. Since the beginning of the year in Ukraine, according to Goskomstat, sugar already went up by 31.5%, including in May - on 6,5%.

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