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April 25 2002, 13:03 UkrInform

Milk market to get settled

Ukrinform reported that AIC Ministry submitted proposals to the Cabinet regarding the amendments for using VAT refunds for sold milk and meat. As previously reported, milk market in Ukraine is very tense wit prices diving by more than US $ 0.075 per liter.

According to the Minister Ryzhouk both the AIC Ministry experts and producers failed to react on the world market changes. In particular, prices for milk powder on the world market dropped by 40%, casein - almost twice. Presently, the carryover of the milk powder adds up to 260,000MT.

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