Ukrainian government should limit the cost of sunflower oil to domestic consumers

Published 2021년 11월 19일

Tridge summary

Ukrainian lawmaker Vadym Ivchenko has called for the government to set maximum prices for sunflower oil after data showed a 14% rise in essential goods prices over the past year. He blamed the price hike on increased natural gas costs, higher production and transportation expenses, a scarcity of raw materials, and potential export difficulties to China. Ivchenko suggested that lower food costs in other European countries are due to lower food product taxation and government subsidies for agricultural production.

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Original content

In Ukraine, it is necessary to introduce maximum prices for sunflower oil for the consumer. This was announced by the People's Deputy of Ukraine, a member of the Verkhovna Rada of Ukraine Committee on Agrarian and Land Policy Vadym Ivchenko in a commentary to AgroPolit.com. He emphasized that Ukrainians began to pay more for food, as evidenced by the data of the State Statistics Service. Essential goods rose in price by 14% compared to the same period last year. “Prices for chicken fillet, beef and pork in September 2021 compared to December of the previous year increased by 25.5%, 18.8% and 7.4%, respectively. Milk and eggs have grown in price. The price of bread increased by 17%. But most of all, sugar has risen in price - by 88% (in the production of which gas accounts for 70% of costs) and sunflower oil - by almost 90% and sometimes exceeds the price of 100 UAH per liter, ”the People's Deputy commented. In his opinion, there are several reasons for the rise in prices for food. ...

Source: Oilworld