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Cabinet permitted State Reserve market stabilizing 55.000t sugar selling
21.07.2005 10:06 "Agro Perspectiva" (Kyiv) —
As to Cabinet Decree № 219-ð. from Jun 25, Cabinet has allowed State Committee for Material Reserves selling 55.000t sugar from State reserves within Apr-Sept in order to stabilize domestic market prices.
Cabinet has commissioned State Reserve to sell sugar through open tenders
participated by trade companies/Ukrkoopspilka.
As earlier reported, State Reserve had initially planned to sell 30.000t sugar with sugar stocks to be restored further on by 30.000t sugar purchasing until end 2005.
Though present State Reserve sugar stocks aren’t disclosed, expert estimate them 150.000t.
As earlier reported, within Jun 1523 domestic market sugar wholesale prices have boosted from UAH3.2003.500/t up to UAH4.0004.300/t.
National Association Ukrtsukor estimates Jun 1 internal market sugar reserves
" 900.000t.
Ukrainian domestic sugar market annual capacity is estimated 1.82 million tons.
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