Ukraine introduces state regulation of prices for buckwheat, flour, sugar, milk

Source : 112 Ukraine

Margin fixation is introduced until the end of coronavirus pandemic quarantine
14:30, 12 January 2022

Open source

The Cabinet of Ministers of Ukraine has introduced a maximum level of trade margin on a number of products. Until the end of the quarantine, retailers may not set a markup above 10%. The relevant resolution was approved by the government at a meeting on January 12.

"Implementation of the draft resolution will stabilize the price situation for basic foodstuffs in the context of the spread of acute respiratory disease Covid-19 in Ukraine," the explanatory note to the document reads.

These are retail trade in buckwheat, granulated sugar, high-grade wheat flour and vermicelli from it, pasteurized milk with a fat content of 2.5%, sunflower oil, chicken eggs, chicken carcass, and butter with a fat content of 72.5%.

According to the text of the government resolution, the maximum retail markup on these products is set at no more than 10% of the wholesale price, taking into account advertising, marketing, logistics services, services for preparation, processing, packaging, and other services related to sales end user.

As it was reported in late December, the Cabinet of Ministers of Ukraine has included a long loaf, and sunflower oil in the list of food products, the rise in the price of which must be declared in advance by business entities selling them, and also prohibited setting a markup for rye-wheat bread and long loaf in excess of 10%.

Related: Ukrainian milk producers threaten to close their plants due to catastrophic gas prices

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