Consumer food prices are stabilizing in Ukraine - Ministry of Economy

Published 2021년 9월 13일

Tridge summary

The Ukrainian Ministry of Economic Development has credited the stabilization of food prices to a combination of positive agricultural production assessments, seasonal factors, and government actions. The government is actively monitoring price changes in socially significant goods and taking necessary measures to stabilize them. This comes in the wake of a significant drop in domestic agricultural production in 2020 due to unfavorable weather conditions, which led to increased production costs and price hikes in consumer goods like sugar and oil. High price pressure from the energy market and global agricultural market dynamics have also contributed to a average global increase in food prices by a third between 2020 and 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is stated on the website of the Ministry of Economic Development. Stabilization of food prices is not only under the influence of positive assessments of agricultural production and seasonal factors, but also due to prudent actions of the Government and the recovery of Ukraine's economy. Ensuring price stability in the food market is constantly in the focus of the Government. An analysis of the situation regarding changes in prices for socially significant goods is carried out and in case of their unjustified growth, appropriate actions are taken. In particular, measures have been introduced to stabilize the prices of goods by declaring their changes that have significant social significance (buckwheat, granulated sugar, wheat flour, pasta of domestic production, pasteurized milk fat 2.5% (in the film ), rye-wheat bread, chicken eggs of category C1, poultry (chicken carcasses), fat butter 72.5%, still mineral water). In addition, the Government is in constant dialogue with ...

Source: MilkUA