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Monday, April 21, 2014
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Ukraine: fluctuations of UAH/USD rates to minimally affect the cost of food – N.Prysyazhnyuk

13/02/2014 16:45 (66 Day 21:52 minutes ago)

The FINANCIAL -- Fluctuations of UAH/USD rates, which are observed during recent days on the interbank foreign exchange market, will have the minimum impact on the cost of food products in Ukraine , as most of the consumed food is produced directly in the country, announced Nikolai Prysyazhnyuk, Acting Minister of Agrarian Policy and Food of Ukraine , on February 11, according to APK-Inform Information Agency.

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But he noted that the UAH/USD exchange rate fluctuations may lead to increasing of the prices for mineral fertilizers and plant protecting agents, which are mainly imported to Ukraine . As a result, such development may lead to increasing of the prime cost of production of grains and oilseeds of the new crop.

 

 

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