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Ministry of Agrarian Policy to raise 3 class wheat minimal prices from UAH690 per MT up to UAH700 per MT
06.06.2006 12:27 "Agro Perspectiva" (Kyiv) —
Ministry of Agrarian Policy proposed to grow 3 class wheat minimal prices from UAH690 per MT up to UAH700 per MT within 2006/07 MY, reported Ivan Demchak, Deputy Minister of Agrarian Policy, at conference on 2006/07 MY grain market situations prospects. As to report, Ministry of Agrarian Policy proposed as well to establish 4 class wheat minimal prices as much as UAH580 per MT. As to Demchak, Decree on minimal prices establishing hasn’t been signed yet. Deputy Minister made it known Ministry also suggested grain mortgage prices should be fixed as 80% grain minimal prices. As earlier reported, Cabinet had prolonged for 2006/07 MY prices State regulation for wheat, wheat/rye mixture, rye and sugar. End May 2005 Cabinet had introduced prices State regulation for a number of food products/approved methodics of minimal purchase prices determining for some prices State regulation objects. As to Cabinet decision, minimal purchase prices were to be calculated with taking into account food products subgroups/classes up to coefficient proportions which were to be determined by Ministry of Agrarian Policy considering corresponding markets forecasted conjuncture. Prices State regulation is stipulated by Law «About State Support of Agriculture of Ukraine». As to Law, Cabinet has right to establish prices State regulation for all/separate objects (with their full number to be officially promulgated not later 30 days after corresponding MY beginning). Minimal purchase prices are to be officially promulgated by Ministry of Agrarian Policy after Cabinet approves list of separate goods subject to prices State regulation.
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