Russia's Ministry of Industry and Trade plan new agreements on sugar and butter to keep prices at the current level

Published 2021년 3월 24일

Tridge summary

The Russian Ministry of Industry and Trade is planning to negotiate new agreements to maintain the fixed prices for sugar and sunflower oil. These new agreements will keep the same terms as the existing ones. The government has directed the FAS, the Ministry of Agriculture, and the Ministry of Industry and Trade to resolve the issue of extending agreements with producers and retail chains. The proposed extension includes a two-month price freeze for sugar and sunflower oil, and a subsidy for manufacturers for up to six months. The current agreements, signed in December, set the selling price of white sugar at 36 rubles per kg and the retail price at 46 rubles per kg, while sunflower oil is priced at 95 and 110 rubles per liter, respectively.

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Original content

New agreements on fixing the cost of sugar and sunflower oil are planned to be concluded on the same conditions, including the price ones, which are spelled out in the existing agreements, the press service of the Ministry of Industry and Trade told reporters. "The discussion is being conducted without changing the conditions and price parameters," the press service said. Earlier, the government of the Russian Federation instructed the FAS, the Ministry of Agriculture and the Ministry of Industry and Trade to work out the issue of extending agreements with producers and retail chains, with which prices for sugar and sunflower oil were fixed. It is proposed to extend the freeze of sugar prices for two months, and for sunflower oil - until October. In addition, it is planned to ...

Source: Milknews