The intervention on the butter market is intended to make speculation on this product more difficult and to prevent further increases in its prices before Christmas, Prime Minister Donald Tusk said on Wednesday after the government meeting. On Tuesday, the Government Agency for Strategic Reserves announced a tender for the sale of frozen butter. In total, RARS wants to sell approximately 1,000 tons of this product.
– This is an incidental win-win intervention (both sides gain benefits – ed.). The government's Strategic Reserves Agency will not lose from this, butter is very expensive, Tusk said on Wednesday.
Tusk: butter should not be more expensive before Christmas
The Prime Minister said that butter in Poland is among the cheapest in Europe, but remains too expensive from the point of view of the lowest-earning customers. He added that the intervention aims to limit speculation on the butter market just before Christmas.
– No one can guarantee that butter prices will drop significantly, although this is quite a massive intervention. We legitimately hope and expect that this will make things more difficult for potential speculators. Butter should not be more expensive before Christmas. We want to protect Polish families with the tools we have at our disposal, emphasized the Prime Minister.
Tender for the sale of butter
On Tuesday, the Chancellery of the Prime Minister announced that the Government Agency for Strategic Reserves had announced tender for the sale of frozen butter in 25 kg blocks.
In total, RARS wants to sell approximately 1,000 tons of this product. The communiqué of the Chancellery of the Prime Minister indicated that this should contribute to the stabilization of butter prices on the market.
The law firm noted that the butter sold comes from the Agency's food reserves.
“It's not that much.”
From the consumer's point of view, this reduction in the price of butter is very important. Especially in the pre-Christmas period – said economist Sławomir Kalinowski on TVN24 on Wednesday, commenting on the tender announced by the Government Agency for Strategic Reserves.
– On the other hand, a thousand tons is 5 million cubes of butter. This is not so much that we should be afraid of any major market disruptions in this respect – he added.
In the opinion of the head of the Polish Chamber of Milk, Agnieszka Maliszewska, selling butter from the agency's resources is a political decision that will not change the situation on the market. Maliszewska pointed out that 18-21 thousand are produced in Poland every month. tons of butter. – Someone will probably buy this butter and export it to where they will earn more – said the head of PIM.
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