Government regulation of food prices may be cancelled

The Minister of Agrarian Policy Mykola Prisiazhniuk initiates the deregulation of prices for agricultural and food products. He announced that to the journalists at a briefing in the Cabinet of Ministers. 

‘I am initiating and will support the point that the government regulation of prices for food and agricultural products should be cancelled, because we can not have a market economy in the agricultural sector, if the prices will be governed be the state’, said N. Prisiazhniuk.

We remind that the Cabinet of Ministers’ Decree N40 on January 20, 2010 affirmed a list of the objects for the state price regulation for the 2010-2011 marketing year. In particular, the list was supplemented with powdered milk and butter. Thus, the list for 2010-2011 consists of hard and soft wheat, grain mixture of wheat and rye (meslin), winter and spring rye, barley, wheat and rye flour, the state price regulation of which is to be implemented from 1 July 2010 to 30 June 2011; sugar (beet) - from 1 September 2010 to August 31, 2011, corn - from 1 October 2010 to 30 June 2011, milk powder - from April, 1 to December 31, 2010, butter - from April, 1 to December 31, 2010.

Recall also, at today's consideration of the Verkhovna Rada there is N6015 bill to abolish the state regulation of production and sale of sugar. The author of the document N. Prisiazhniuk believes that the objectives of the Law of Ukraine "On state regulation of production and sale of sugar" were not met: the protection and support for domestic producers by imposing minimum prices for sugar and raw sugar, the introduction of mechanisms to obtain licenses for production and sale of sugar, the proclamation of the state support for sugar complex on the basis of the preferential state crediting.

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