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Producers initiating 2005/06 beet minimal prices growth from UAH141/t up to UAH230/t
28.09.2005 12:21 "Agro Perspectiva" (Kyiv) —
Domestic sugar beet producers consider it expedient to rise 2005/06 MY sugar beet minimal prices from UAH141/t (VAT excluded) up to UAH230/t (VAT excluded), reported Myckola Yarchuk, National Association Ukrtsukor Chairman, referring to agricultural companies information.
«Today it is necessary to rise sugar beet price up to UAH230/t,» declared Yarchuk.
Ukrtsukor Chairman didn’t provide any additional data; he admitted proposed sugar beet prices mean minimal sugar prices are to be not less UAH3.3003.500/t.
As earlier reported, Apr Cabinet had established 2005/2006 MY sugar beet minimal price UAH141.67/t (VAT excluded)/sugar minimal price UAH1.975/t (VAT excluded).
2005/06 domestic market sugar production quote is 1.790.000t.
Cabinet had retained 2004/05 MY sugar and sugar beat minimal prices correspondingly UAH2.370/t (VAT included) and UAH165/t (VAT included), unchanged of 2003/04 MY.
Domestic sugar market annual capacity is 1.82 million tons.
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