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Ukrainian sugar industry deregulation law adopted

04.09.2018 21:47 "Agro Perspectiva" (Kyiv) As of today, the Verkhovna Rada has adopted a Ukrainian Law «On the recognition of certain laws of Ukraine regarding the State regulation of the sugar output/sale» (No. 4532), Ukrainian Ministry of Agrarian Policy and Food reports. As to the report, the implementation of the Law will make it possible to maintain the Ukrainian sugar industry potential and support its further development. Reportedly, 263peoples deputies voted for the decision. The Law will come into force the next day after it is published. «Today, the State regulation of the sugar industry has not just lost its urgency, but has become a certain obstacle to the development. Therefore, the adoption of the sugar» draft Law is important both for producers of sugar as well as for consumers. Deregulation of the industry will help to stabilize prices on the domestic market, boost the number of sugar producers, as well as the stable functioning of the sugar industry under the conditions of free competition," Deputy Minister of Agrarian Policy and Food of Ukraine Olena Kovaliova has admitted while commenting on the Law adoption.

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