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Ukraine: Cabinet of Ministers cut mandatory sugar price
Ukraine's Cabinet of Ministers adopted resolution about reduction of minimal mandatory price for sugar.
As we have already informed (an item of October 22) the document stipulates modification of the Cabinet of Ministers' resolution of February 15 2002, which is supplemented by the following sentence: "Sales of sugar within the frontiers of volumes, distributed by the Ministry of Agrarian Policy in accordance with the established quota of sugar deliveries to the domestic market, shall be effected in the period from November 1, 2002 till December 31, 2002 at the minimal price of UAH2,050 [$379.6] per tonne including VAT."
Review of the minimal price has been necessitated by the currently formed situation in sugar market, when sugar refinery plants have been unable to sell the produced sugar at the established by government prices.