Food prices in Ukraine have soared: it is already a rush or food will continue to rise in price

Published 2021년 3월 1일

Tridge summary

The article highlights the significant rise in food prices in Ukraine, with a liter of oil now costing over 60 hryvnias, leading to the reduction of container sizes. The economist Oleh Pendzyn explains that local manufacturers sell to the domestic market at the same price as exports, contributing to the high food costs. The pandemic has also impacted the labor force for harvesting, leading to increased prices for crops used in food production. Meat consumption has decreased, but prices have not significantly increased. The government plans to import sugar due to poor beet growth and will control the sale of grain abroad before the new harvest to prevent shortages. The Ministry of Economy has no plans to return to state price regulation to prevent artificial shortages.

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

Original content

This is stated on February 23 in the story of TSN. It is necessary to pay more than 60 hryvnias for a liter of oil. Or, in order not to frighten customers, the container was reduced to 850 milliliters. The same oil of Ukrainian production, say, in Paris, costs the same as in Kiev. "We have a world price with you for one simple reason - because the manufacturer will never in his life sell to the domestic market cheaper than he sells for export. He has a single price. The European family spends 12-18% on food, the Ukrainian family - 50%, "says economist Oleh Pendzyn. Buyers complain that the increase in their pensions and salaries does not keep up with rising prices. Prices have risen not only in Ukraine. The world market is also a period of growth. It will be the fifth in the last 100 years. Due to the COVID-19 pandemic, the workforce did not reach the harvest. And not only because of the drought, not only Ukrainian farmers lost crops. Corn is fodder, and fodder is more than half ...

Source: MilkUA