The Ukrainian government is taking certain measures to stabilize the domestic grain market, taking into account the most pessimistic forecasts as for the 2012 harvest, and believes that there won’t be reasons for raising bread prices this year, according to the department for information and communications with the public at the secretariat of the Cabinet of Ministers.
"To level the situation with the expected low yield of winter crops in advance, on November 17, 2011 the Economic Development and Trade Ministry at a meeting of the interdepartmental ad hoc group decided to increase wheat carry-over stocks by 3 million tonnes, to 5.4 million tonnes. Thus, the carry-over stocks of all grains could reach 9.1 million tonnes," reads the statement.
Consequently, “the filling of the domestic wheat market in the 2012/2013 marketing year will be the basis for the formation of a stable price situation on it," according to the statement.
