December 2, 2011

Ukrainian grain price to include 15% profit margin

Ukraine's grain prices are expected to include at least 15% profit margin, said Viktor Yanukovych, President of Ukraine.

Yanukovych stressed that on the grain market, the authorities are constantly working with the industry associations. The cooperation is aimed for forming of the normal grain price for producers. It is important that the government policy to create the required conditions for the market and exports, said the President.

According to him, the pricing policy of the country requires foundation of equal conditions for all commodity producers.

He promised that the government will protect domestic commodity producers and create conditions for competitiveness of Ukrainian products on the world markets. Yanukovych also noted that the market of agricultural products is growing every year, and the deficit on the market of food products also grows.

Also, the President noted that the task of the authorities is to expand the domestic market and reduce dependence on foreign markets.