The Ministry of Economy of Belarus has liberalized prices for semi-finished meat products sold at markets and fairs

August 26, Minsk /BELTA/. Prices for semi-finished meat products at markets and fairs in Belarus are now not subject to maximum selling price limits. This is stipulated by the Resolution of the Ministry of Economy of August 24, 2011, No. 137, the ministry's public relations department informed BELTA correspondent.

To increase meat sales volumes in the country's markets, prevent speculative resale, and create a competitive environment, the Ministry of Agriculture and Food initiated Resolution No. 137 of the Ministry of Economy "On Amending the Resolution of the Ministry of Economy of the Republic of Belarus of April 27, 2011, No. 65". The new resolution stipulates that maximum selling price limits for meat (beef, pork) do not apply when setting selling prices for semi-finished meat products sold at Belarusian markets and fairs by agricultural organizations, farms, meat processing organizations, and consumer cooperation organizations.

Previously, producers and consumer cooperation organizations set selling prices for semi-finished meat products based on maximum selling price limits. In such a situation, trading at markets and fairs was unprofitable for them, which affected supply volumes. Moreover, products sold by producers often ended up with resellers who sold them at much higher prices. Resolution No. 137 of the Ministry of Economy allows producers to not apply maximum selling price limits when setting selling prices for semi-finished meat products at markets and fairs. As emphasized by the ministry, this should increase the supply of meat, as producers are placed on equal footing with other market participants.

The resolution comes into force on August 27. -0-