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Ukraine's government started intervention in sugar market
Government of Ukraine has stared sales of 20,000 tonnes of sugar from state reserves to stabilise price situation in domestic market, Ukraine's Deputy Prime Minister for Agriculture Ivan Kyrylenko told a joint sitting of representatives of government and parliament, devoted to the situation in the country's agrarian sector, on Tuesday.
According to the Head of the State Committee for Material Reserves Mykola Pesotsky, some regions have extremely low stocks of sugar, which resulted in price growth for this product. He said the intervention would make for stabilisation of price situation in the market as early as within the next two weeks.
Annual demand of Ukraine's sugar market is assessed at about 2 million tonnes.