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Ukrainian minimum sugar prices to grow by 41% since Sept

26.01.2016 09:17 "Agro Perspectiva" (Kyiv) The Ukrainian Government is going to raise the domestic market sugar minimum purchase prices within the 2016–2017 marketing year (MY, Sept 2016 — Aug 2017) by 41% against the current ones, to UAH 9,078.87 per ton (VAT excluded), UNIAN says referring to the Ukrainian Agrarian Policy and Food Ministry press service report. As to the report, a corresponding decision was stipulated in a draft resolution approved on Jan 20, 2016 to introduce State regulation of sugar and sugar beet production within Sept 1, 2016 — Sept 1, 2017. Reportedly, the Government also intends to reduce a quota for sugar supplies onto the domestic market (quota ’A’) by 3% to 1.67 million tons and set a minimum sale price of sugar beets at UAH616.99 per ton against the current UAH445.87 per ton.

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