Belarus switches to manual price management for borscht vegetables, potatoes and apples

Published 2022년 1월 25일

Tridge summary

Belarus has introduced maximum selling and retail prices for six fruit and vegetable products, including potatoes, cabbage, carrots, beets, onions, and apples, from January to May 2022, as part of a new price regulation decree. The decree aims to protect the domestic market, prioritize Belarusian produce, and account for the outpacing price growth in other countries. However, experts caution that price regulation can lead to the creation of a shadow market and profit unprofitability for manufacturers. Additionally, a ban on the import of fresh products, primarily apples, pears, strawberries, and tomatoes, from the European Union and other countries, introduced on December 6, 2021, could result in a potential loss of €300 million for manufacturers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit experts draw attention to a rather important event for the fruit and vegetable market - as of today, restrictions on the maximum levels of selling and retail prices for certain types of vegetables and fruits have been introduced in Belarus. Price limits are established by the Decree of the Council of Ministers of the Republic of Belarus dated January 24, 2022 “On the regulation of prices for fruits and vegetables”. The decree applies to six positions of fruit and vegetable products: potatoes, white cabbage, carrots, table beets, onions and apples. The new price regulation procedure will be in effect from January to May 2022. Thus, the maximum allowable selling price for potatoes during the period of the decree on state regulation of prices is set at the level of 1.38-1.43 bel. rub / kg ($ 0.53-0.55) including VAT), for cabbage - 1.67-1.75 bel. rub/kg ($0.64-0.67), for carrots – 1.53-1.58 bel. rub/kg ($0.59-0.61). The price of beets is set in the range of 1.41-1.44 bel. ...

Source: Eastfruit