Prime Minister Yulia Tymoshenko said that today there are no objective reasons for the increase in prices for sugar, sunflower oil and other foodstuffs. She stated this in Dniepropetrovsk during the video-conference, the press service of the Cabinet of Ukraine.

Prime Minister is convinced that the increase in food prices is a planned conspiracy monopolists piartehnologiey to coming to power of the oligarchy.

Tymoshenko said that during the past two weeks in Ukraine, working on special political technology, which began the great corporations, which are kept in the hands of the sugar and butter. “They have to do two weeks of hysteria, blame the government, but I want to tell you that this is just technology, and immediately after the election prices will be at your level”, - said the prime minister.

also head of government said that after the presidential elections hryvnia exchange rate will be stabilized and returned to the level of 6-6,5 UAH /USD. “The real exchange rate, which gives a stable feel for Ukrainian families and businesses, should be 6-6,5 UAH /USD.”, - Noted the Head of Government.

Earlier, Minister of Economy of Ukraine Danylyshyn said that the economic justification for price increases for basic foodstuffs not. “Every day we analyze the prices of basic foodstuffs. We take into account in global markets, we look at the balance of supply and demand in the domestic market. At present there is no reason to raise the prices of basic products: meat, milk, sugar, cheese, sunflower oil,” — he said.

Minister noted that the increase in sugar prices in December 2009 - January 2010, is speculative and is caused by a desire to “make hay, using the pre-election situation in Ukraine.

Recall white sugar futures in London have set a new record price, and raw at the Intercontinental Commodity Exchange (ICE) has risen in price to a maximum 29 years.

According to experts, the rapid rise in price of sugar, which began last year, was triggered by insufficient amounts of sales by producers and the absence of any sigb92nals to slow down the growing demand. It is worth adding that the high sugar prices are supported by a large global supply crunch in the 2009/2010 season, accompanied by low yields of the world”s largest manufacturers.

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