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March 27 2003, 09:31 Interfax-Ukraine

L. Kozachenko was arrested because Ukrainian grain was sold too cheaply - L. Kuchma

President of Ukraine Leonid Kuchma is convinced that grain stocks in the country are sufficient to last till the new crop.

He was cited by Interfax-Ukraina news agency as saying to a press-conference in Kiev Wednesday that situation in the grain market had stabilised. "The prices have stabilised on these days. In Nikolayev and Odessa regions they even dropped 4 percent," Kuchma said.

He said that on his instructions control had been strengthened over price formation for bread.

Answering a question about detention of the ex-Deputy Prime Minister for Agriculture Leonid Kozachenko by Procurator's Office, the President provided grain exports data of the customs.

"The price, which was set for export and passed through the customs, was 30 percent lower than the price in the markets of Europe and USA."

He put the blame for such a pricing policy on the previous government and regional authorities.

"Let them [the Procurator's Office] sort it out. But the main task is to teach them [responsible officials] not to do such things again," said the President and added that the guilty persons must bear the blame for what they had done.

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