Russia: Agreements to stabilize sugar and butter prices worked

Agreements with business to stabilize prices for sugar and sunflower oil have worked, the companies plan to keep prices in the near future, First Deputy Prime Minister Andrei Belousov said in an interview with RBC TV channel. "Agreements to stabilize prices have certainly worked. There is a problem of getting out of this situation: it is different for each market. We are now withdrawing from the agreement on sugar from June 1. But, as far as I understand, companies are still going to keep prices in the foreseeable future, because they understand the consequences enough, "he said. Belousov noted that intervention in the sugar market is also planned. “We bought it. There is no sugar on the world market now, there is simply no. It was now bought with great difficulty, this sugar was collected from all over the world, everything was sold out,” he said. The agreements expire on June 1. In December 2020, the Ministry of Industry and Trade, the Ministry of Agriculture, the largest ...