REUTERS
The document invalidates the norms of Law "On state regulation of production and sale of sugar," which restricted supplies of sugar to the domestic market and set minimum prices for sugar and sugar beet.
The Verkhovna Rada of Ukraine has passed in the second reading a bill abolishing minimum prices for the sale of sugar beet and lifting quotas for its production.
Bill "On the recognition as invalid of certain laws of Ukraine on the state regulation of production and sale of sugar" was backed by 263 MPs with a required minimum of 226 votes.
The document invalidates the norms of Law "On state regulation of production and sale of sugar", which restricted supplies of sugar to the domestic market and set minimum prices for sugar and sugar beet.
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Deputy Head of the Committee on Agrarian Policy Hryhoriy Zabolotniy, while presenting the bill, explained: "The established minimum price for the sale of sugar beet before September 1 amounted to UAH 11.2, while today the selling price on the market is UAH 10.5, i.e. producers cannot sell products because there is a Cabinet of Ministers resolution that prohibits selling at a lower price. This is nonsense."
Zabolotniy also said that in the latest edition of the document, the Committee had rejected an amendment with respect to zero duty on equipment for the production of sugar beet as it caused disagreements among many deputies.