AgriNews RSS

April 24 2002, 17:36 UNIAN

Fixing the grain mortgage price

Ukrinform reported that the AIC Ministry would submit their proposal establishing flexible grain mortgage price rather than fixed mortgage price. "Market developments at the certain moment is important," said the newly appointed Serhiy Ryzhouk.

According to him, banks take 50% of the mortgage and it would be logical to establish mortgage price at 50% of selling price value.

The Ministry intends to propose the Cabinet to set zero interest for loans allocated to all market operators buying grain on terms of mortgage, said the Minister.

Topic materials