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GISMETEO.RU
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Business    

Introduction of export duties expected to hurt farmers, analysts say
Journal Staff Report

KIEV, Oct. 3 – The introduction of export duty on sunflower oil, soybeans and rapeseeds, as proposed by the Economic Development and Trade Ministry, would hit Ukrainian farmers hard, according to experts polled by Interfax-Ukraine.

Deputy Director of the analytical department of Sokrat Investment Group, Ivan Panin, said the introduction of the duty would automatically cut the purchase prices by processors and exporters by the size of the duty. The expert said that it's unlikely that exporters will reduce their margin from the said foodstuff.




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