Is there a risk that pork prices will rise for Russians in 2023?

Published 2023년 9월 22일

Tridge summary

The Federal Antimonopoly Service (FAS) issued a warning regarding public statements about rising meat prices, cautioning that such forecasts could influence market participants to increase prices and create rush demand from consumers. FAS reminded companies of the prohibition on coordinating actions that could establish or maintain prices, and promised to take antimonopoly measures against any detected illegal behavior or economically unjustified prices. AKKOR President Vladimir Plotnikov countered the allegations, stating that the information about a possible increase in pork prices was not accurate, as prices at the wholesale level were stable and even decreasing, with the growth rate compensating for any losses caused by outbreaks of African swine fever (ASF).
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

FAS and AKKOR dealt with allegations of rising pork prices. The Federal Antimonopoly Service issued a warning in connection with a public statement about rising meat prices. As follows from the release posted on the FAS website, such forecasts were voiced by the chairman of the board of the Association of Peasant (Farm) Farms and Agricultural Cooperatives of Russia: “On September 21, 2023, the media quoted his statement forecasting an increase in prices for pork meat in the near future. The service notes that such statements may be perceived as an incentive for market participants to increase prices, as well as provoke rush demand from consumers. A warning is a preventive measure that is designed to prevent violations of antitrust laws. The Agency recalls the prohibition of coordination of actions of competing economic entities, which could lead to the establishment or maintenance of prices. FAS Russia warns of the obligation to strictly comply with the requirements of ...
Source: Agroxxi

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