<\/p>\n
At the beginning of the pandemic, there was a significant increase in prices for various goods across some regions of Ukraine. According to the Antimonopoly Committee of Ukraine, for the first three weeks of March 2020, prices for buckwheat increased by more than 50%, millet \u2013 by 24%, sugar by 16%, potatoes by almost 60%, prices for onion and carrots doubled, etc. After studying information on purchase and retail prices for cereals, bread, sugar, flour, the most popular meat types, vegetables, the AMCU recommended lowering the markup on socially significant goods to help reduce prices. The companies agreed to such a step despite the losses to their activity.<\/span><\/p>\n On April 22, 2020, the CMU Resolution \u2116341 \u201cOn Measures to Stabilize Prices for Goods of Significant Social Significance, Anti-Epidemic Goods\u201d was adopted. Given the practice of price declaration procedure, companies have repeatedly appealed to the Ministry of Economic Development with a proposal to consider amending Resolution \u2116341.<\/span><\/p>\n In March 2021, the Mineconomy held a series of consultations with associations of producers and retailers in order to prevent significant price fluctuations in food markets of social significance. The European Business Association, Ukrainian Retail Association, Union of Poultry Farmers of Ukraine, Ukroliyaprom, National Association of Sugar Producers of Ukraine, Union “Millers of Ukraine”, Ukrainian bakers’ association, Ukrkhlibprom participated in discussions with the Ministry. All parties agreed that the domestic market is fully supplied with basic domestic food in accordance with the forecast balances of supply and demand.<\/span><\/p>\n