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If the prices of rice, flour, oil and sugar become more expensive in foreign markets, the Transparency Board will also increase them further.
This was stated by the representatives of the Ministry of Finance, according to which, as for the fuels, the reactions of the basket price board will be ‘subjected’ to these fluctuations, while they did not give details on how long the fixed ceiling prices will remain in force. for these four products.
Niko Lera, Director of Fiscal Policy: The war has created its own problems, operators are looking to find new markets. The Board will continuously monitor the change of these prices in the international market. Which means that if these prices will increase, they will definitely increase in our country because the costs of buying them will increase for companies, but if they decrease, the board will also review them in reduction.
But how does the board set prices? Reference is made to the brands of the largest importers that supply the market.
Lera: We have considered the basic brands, 4-5, the main importers, their imports in the last 10 days, at what price they bought it according to the invoices, operating expenses and it resulted in a weighted price for the companies that import about 90% of the quantity .
According to Lera, the board has decided to stay in 4 basic products, but if there is a price increase for other items that have an impact on consumers, did not rule out the possibility of their inclusion.
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