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State Reserve proposed to Cabinet to reduce grain storage period from 4 down to 2 years
07.07.2006 10:15 "Agro Perspectiva" (Kyiv) —
State Committee for Material Reserves (State Reserve) has proposed to Cabinet to shorten period of grain (kept in State reserves) storage from 4 down to 2 years in order to reduce storage expenditures/prevent grain quality worsening, reported Yaroslav Boiko, State Reserve Material Storage Department Director. Boiko made it known though current Ukrainian legislation stipulates budgetary monthly financing of 1 MT grain storage at grain acceptance/storage companies as much as UAH2,50, yet in fact grain storage requires UAH6,008,00 per 1 MT monthly, resulting in Committee having got into big debts with grain acceptance/storage companies. Boiko didn’t specify Committee indebtedness amount. As earlier reported, Committee plans to purchase 400,000 MT food grain until yearend at minimal prices set by Ministry of Agrarian Policy for 2006/07 MY; first grain purchase tender is planned to be held Jul 25, with 50,000 MT grain purchases contracts to be concluded. As to State Reserve data, in 2005 it had bought 300,000 MT grain (from 450,000 MT stipulated by its 2005 reserves renewal/replenishment plan and despite being commissioned by Government to acquire 1 mn MT).
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