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Cabinet to purchase 2005 grain 5.5 million tons instead of 2.6 million tons
08.08.2005 10:06 "Agro Perspectiva" (Kyiv) —
As to Cabinet Decree № 295-ð. from Jul 29, Cabinet is set to acquire new crop 5.5 million tons grain through authorized structures in order to prevent domestic market prices collapse.
As to Decree, Cabinet will buy 1 million tons grain through State Committee for Material Reserves, 2 million tons through State-owned Joint Stock Company Bread of Ukraine and 1 million tons through Agrarian Fund (at mortgage prices).
Government expects regions will purchase 1.5 million tons grain for their own needs.
Reportedly, earlier Cabinet had planned to acquire 2.6 million tons grain (with 1.5 million tons to be purchased for regional resources/1.1 million tons to be bought through Agrarian Fund for State reserves forming).
Ministry of Agrarian Policy forecasts this year grain crop will reach 42 million tons.
2004 grain crop totaled 41.8 million tons.
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