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Ukrtsukor initiates sugar minimal prices moratorium
09.02.2007 09:00 "Agro Perspectiva" (Kyiv) —
As to Myckola Yarchuk, National Sugar Producers Association Ukrtsukor Chairman, Association considers it necessary to introduce sugar minimal prices moratorium to assure sugar market participants stable work. As to Yarchuk, Ukrtsukor initiative is motivated with necessity to help sugar plants to evade financial state further worsening. Ukrtsukor Chairman made it known presently sugar plants must sell sugar at price below minimal, through taxes are to be paid on minimal price basis. As to Agro Perspective earlier report, 2006/07 MY sugar minimal price is UAH2,375 per MT (VAT excl.). Experts estimate domestic sugar market annual capacity 2.2 mn MT.
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