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Cabinet possible to introduce vegetable oils prices regulation
10.01.2008 09:36 "Agro Perspectiva" (Kyiv) —
As to Cabinet draft Decree (published on Ministry of Economics website), Cabinet is likely to permit local authorities to regulate vegetable oils prices due to last few months sunoil prices significant growth. As to draft Decree, local authorities will be able to control prices markups. Ministry of Economics experts are convinced absence of vegetable oils wholesale prices State regulation has enabled producers to launch economically unjustified prices growth. As to Agro Perspective earlier report, within Nov 2007 crude/refined vegetable oils prices had grown 0.5-3.5% (up to UAH8,04-8,95 per liter) on 6 regions markets against Oct 2007 and simultaneously dropped 0.6-8.9% (down to UAH7,85-9,57 per liter) on 16 regions markets against Oct 2007. As to Agro Perspective, Nov 2007 retail sale network vegetable oils prices had risen 0.1-1.7% (up to UAH9,05-9,35 per liter against Oct 2007) in 2 regions shops and at same time lowered 0.5-4.3% (down to UAH8,83-9,67 per MT as of Oct 2007) in 16 regions shops.
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