OREANDA-NEWS. July 23, 2010. The Ministry of Agrarian Policy of Ukraine intends to initiate an increase by 20pc of purchase prices for grain through the Agrarian Fund. Agrarian Policy Minister Mykola Prysyazhnyuk said this today at a briefing in the Cabinet of Ministers of Ukraine.

"Considering the rise in corn prices, and to encourage producers to sell grain for the Agrarian Fund, we will suggest a draft resolution at a meeting of the Cabinet of Ministers to raise a purchase price through the Agrarian Fund. According to calculations, the correction will be within 20pc", said Mykola Prysyazhnyuk.

He has noted that the Agrarian Fund this year plans to purchase about 4-5 million tonnes of grain.