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Cabinet offers to VR maintaining 125.000t raw sugar’s privileged import quote within 2005
22.09.2004 13:10 "Agro Perspectiva" (Kyiv) —
As to draft 2005 Ukrainian State budget, registered by Verkhovna Rada, Cabinet offers to Verkhovna Rada establishing in 2005 (as in 2004) 125.000t raw sugar’s privileged import quote with import duty EUR30/t (instead of present EUR300/t). In particular, Cabinet offers to VR permitting raw sugar’s import until Sep 15, 2005 and to auction off the raw sugar’s privileged import quote on terms EUR60/t (as in 2004). Reportedly, Yevgheniy Lavrov, Head of State Foodstuffs Department, has earlier declared that Cabinet has already considered possibility of growing to 200.000t (up 75.000t (+60%) against 2004) of raw sugar’s privileged import quote within 2005 and has established (with its May 12 Decree) the order of selling of cane raw sugar’s Ukrainian 2004 import quotes. As to Law "About 2004 Ukrainian State budget", by now raw sugar’s privileged import quote is 125.000t; import duty equals to EUR300/t. In 2003 Cabinet decided to sell 200.000t and to auction off 360.000t raw sugar’s privileged import quotes. In 2003 Verkhovna Rada adopted two Laws permitting privileged importing of 200.000t raw sugar with import duty EUR60/t (until Sep 15) as well as of 360.000t raw sugar with import duty EUR6/t (from mid May up to Aug l). As to Ukrtsukor, within 2003 companies have brought into Ukraine 360.000t quoted raw sugar. Experts estimate domestic sugar market’s capacity 1.8-2 million tons yearly.
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