Ukraine wants to restore state regulation of food prices

Published 2021년 12월 4일

Tridge summary

Ukrainian lawmakers are proposing a draft law to reinstate state regulation on the prices of essential food products, which was abolished in 2017. The proposed law will set a commercial margin of 5-15% on the selling price of the producer for these food products. The government will determine the list of essential food products, including buckwheat, groats, pasteurized milk, and chicken eggs. The aim is to allow state regulation of the prices of socially necessary foodstuffs, particularly beneficial for vulnerable groups. The draft law also refers to the European Union's experience, where 88-97% of agricultural sector products are subject to state control.

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

Original content

Ukrainian lawmakers want to restore the state regulation on the prices of foodstuffs of important social importance, which was canceled in 2017, and to set a profit margin of 5-15% on the selling price of the producer. On December 2, the Verkhovna Rada registered draft law No. 6374 on amendments to the law "Prices and pricing", which will restore state regulation of prices of "social" food products. According to the text of the document, government intervention in the prices of “social” food products imposes a commercial margin on sales prices that can be at least 5% and maximum 15% to producer prices. The list of food products with important social importance is determined by the Council of Ministers. Ski resorts in Ukraine will now only accept vaccination certificates and PCR tests At the same time, according to the bill, the government will have to introduce state regulation on prices for buckwheat, groats, granulated sugar, wheat flour of the highest grade, noodles made from ...

Source: Ukrhaber