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State intervenes in the sugar market

Sep 02, 1999

RIGA (BNS) - The government approved the state intervention in the sugar beet market. Sugar beets will be purchased from farmers in autumn with state funds because sugar processing plant Jekabpils Cukurfabrika is unable to do so due to its financial problems. No intervention would cause significant tensions in the sugar market.The state would also finance the processing of beets at the plant in Jekabpils.Margers Krams, the Ag-ri-culture Ministry's parliamentary secretary, said the total costs of ...

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