Russia: Prices for vegetable oil and raw materials for sauces increased

Update. After the release of the note, the Ministry of Agriculture stated that the obligations of producers apply to refined, deodorized sunflower oil produced without mixing with other types, without impurities and additives, in consumer packaging. They added that in order to maintain stable production volumes, the possibility of developing a temporary support mechanism for enterprises is being considered, providing for the reimbursement of costs for the production and sale of bottled oil. Manufacturers of products, including mayonnaise, began to receive notifications of an increase in vegetable oil prices this week by almost 20%, to 130 rubles. for 1 kg. This is due to the sharp rise in the cost of raw materials in world markets. In the cost of mayonnaise, butter accounts for up to 70% of the costs. But sauce makers are unlikely to immediately translate costs into retail prices for fear of falling demand. Creameries have begun to notify b2b customers of higher selling prices. ...