You're reading: Agriculture ministry opposes finance ministry’s initiative to increase minimum prices of alcohol in Ukraine

The Agricultural Policy and Food Ministry of Ukraine does not support an increase in the minimum wholesale and retail prices of alcohol initiated by the Finance Ministry, Agricultural Policy and Food Minister Mykola Prysiazhniuk has said.

“We expressed our views. We don’t support such a quick rise in the minimum prices [of alcohol],” he told the press on Wednesday.

The minister said that the annual increase of prices by the inflation
level foreseen in Ukrainian law provides payments to the budget and
gives a chance to domestic producers to stay on the market.

Finance Ministry of Ukraine posted on its Web site a draft cabinet
resolution on amendments to the annex to cabinet resolution No. 957 of
October 30, 2008 which proposes a gradual increase in the minimum
wholesale and retail prices of alcohol.

According to the draft, before January 1, 2013, the wholesale price
of vodka and liquors is decreased from present Hr 88.50 to Hr 87.60
per liter of 100% spirit, and the retail price is increased from Hr
130.50 to Hr 142.50 per liter of 100% spirit.

The document also foresees a rise in the prices of cognac: for three
stars the wholesale price grows from Hr 121.34 to Hr 132 per liter of
100% spirit, the retail price – from Hr 165.40 to Hr 183.90 per liter
of 100% spirit; for four stars the wholesale price grows from Hr 134.63
to Hr 145.40 per liter of 100% spirit, the retail price – from Hr
185.80 to Hr 196 per liter of 100% spirit; for five stars the wholesale
price grows from Hr 148.91 to Hr 158 per liter of 100% spirit, the
retail price – from Hr 205.50 to Hr 208 per liter of 100% spirit.

According to the draft, the retail price of wine is increased from Hr 18 to Hr 19.60 per 0.7-liter bottle, the retail price of sparkling
wine grows from Hr 26 to Hr 28.30 per 0.7-liter and 0.75-liter
bottles.

From February 1, 2013, the wholesale price of vodka and liquors grows
to Hr 105.50 per liter of 100% spirit, and the retail price – to Hr
150.50 per liter of 100% spirit.

The wholesale price of three star cognac grows to Hr 143.10 per
liter of 100% spirit, the retail price – to Hr 195 per liter of 100%
spirit; the wholesale price of four star cognac grows to Hr 159.40 per
liter of 100% spirit, the retail price – to Hr 220 per liter of 100%
spirit; the wholesale price of five star cognac grows to Hr 177.50 per
liter of 100% spirit, the retail price – to Hr 245 per liter of 100%
spirit.

According to the document, the retail price of wine increases to Hr
20.70 per 0.7-liter bottle and the retail price of sparkling wine grows
to Hr 29.90 per 0.7-liter and 0.75-liter bottles.