Russia: Oatmeal prices hit record highs since 2000

For comparison, in August and September last year, the price of cereal for oatmeal was kept at the level of 72.1 rubles. The price has risen above 80 rubles per kilogram for the first time since 2000. Moreover, not only the oatmeal itself has risen in price, but also instant cereals: up to 94 rubles per kilogram, such figures are given by RBC with reference to the research company GfK. Retailers also told the publication that suppliers increased prices for oatmeal by 15-20% in 2021. It is noted that one of the reasons for the rise in prices was the drought in the regions. As the press service of the Ministry of Agriculture told the publication, the decline in oat sowing areas affects, first of all, forage (grain used for animal feed). Forage accounts for the majority of all Russian oats production. The Ministry of Agriculture notes that Russian farmers are replacing oats with more marginal crops: cereals, oilseeds, soybeans, but this trend practically does not affect food oats, ...