You're reading: Ukrainian government introduces price regulations for oats, millet, beans

The Ukrainian government has expanded the list of state regulation of food prices for 2011-2012, adding oats, millet and beans to it.

This is stipulated in cabinet resolution No. 834 of July 27, 2011.

In addition, the document sets the volume of purchases of the said crops for the state intervention fund from September 2011 to July 2012. In particular, the Agrarian Fund, which purchases crops, is to buy 23,000 tonnes of oats, 15,000 tonnes of millet and 23,000 tonnes of beans in the said period.

As reported, the government draws up a list of foods for price regulation every year. Minimum and maximum intervention prices are set for the foodstuffs, which are indicators for the financial and commodity interventions carried out by the Agrarian fund.

For the 2011-2012 marketing year the list includes hard and soft wheat, wheat and rye mixture, winter and spring rye, barley, wheat and rye flour, corn, beet sugar, buckwheat, powered milk and butter.