Antimonopoly Committee: the increase in prices for imported oil and seeds also affected the increase in the cost of local cottonseed oil
09/04/2021 18:36
Antimonopoly Committee: the increase in prices for imported oil and seeds also affected the increase in the cost of local cottonseed oil
09/04/2021 18:36
Tashkent, Uzbekistan (UzDaily.com) -- The topic of a sharp increase in prices for sunflower and cottonseed oil is widely discussed on social networks by the public.
Based on the situation, the Antimonopoly Committee analyzes the change in the cost of vegetable oil in the domestic market.
In accordance with sanitary norms, rules (SanPiN), the republic’s annual demand for vegetable oil exceeds 300 thousand tons.
In 2020, more than 450 thousand tons of vegetable oil were sold to consumers, more than half of the total volume accounted for imports.
The increase in the cost of vegetable oil in the domestic market, first of all, was influenced by the increase in prices in the external market and the fact that in the exporting countries relatively low production volumes are observed in relation to previous seasons, in connection with which a procedure of high customs duties has been introduced. for the export of sunflower oil and seeds.
The increase in prices for imported oil and seeds also affected the increase in the cost of local cottonseed oil.
At the same time, vegetable oil is available in sufficient quantities to fully meet the needs of the domestic market.
Based on the above, the committee informs that in order to stabilize prices in the domestic market, the relevant ministries and departments are developing all the necessary measures.
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