Saturday, 11 September 2010

It’s not just me then

Andriy Yarmak has an interesting and informed perspective on the grain export ban (here).

Cash-strapped farmers are again being forced to sell their crop at lower prices so that the government can go into local elections in October chanting the same old political slogan: “Bread prices will not increase” writes Andriy.

The average Ukrainian consumes about 110 kilograms of bread annually which costs each Ukrainian 275 UAH annually.

If the price of bread went up by 20%, it would cost each consumer about 55UAH more per year (0.15 UAH or 0.01 GBP per day).

Good point well put Andriy.