“To prevent growth of prices on bread, cereals and some
other basic food-stuffs it is necessary to urgently create
grain exchanges, where only grain and grain products producers
will get the right to register,” such a statement was made
by YABLOKO’s leader Sergei Mitrokhin to journalists earlier
today.
“This will prevent boosting of prices by a chain of intermediaries,
speculators and one-day firms, that have been parasiting on
the agrarian sector,” Mitrokhin noted. According to YABLOKO’s
leader, creation of grain exchanges will not involve any expenditures
from the federal budget, as “trades can take place at electronic
trading platforms organised by the Federal Anti-Monopoly Agency”.
“Also today the state has a possibility to restrain price
growth by means of grain interventions from the Grain Fund
reserves, whereas part of these reserves can be sold via exchanges.”
“Application of these two methods will lead to reduction of
the growth of prices on agricultural products in a very short
term,” Mitrokhin said.
According to Mitrokhin, application of non-market mechanisms,
such as freezing of prices, is extremely dangerous. “Direct
state regulation of prices will lead only to deficit and queues,”
he added.
See also:
Anti-Monopoly
Legislation
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