Information for fruit and vegetables business in CIS
Fixing the grain mortgage price
Ukrinform reported that the AIC Ministry would submit their proposal establishing flexible grain mortgage price rather than fixed mortgage price. "Market developments at the certain moment is important," said the newly appointed Serhiy Ryzhouk.
According to him, banks take 50% of the mortgage and it would be logical to establish mortgage price at 50% of selling price value.
The Ministry intends to propose the Cabinet to set zero interest for loans allocated to all market operators buying grain on terms of mortgage, said the Minister.