Russia: Sunflower oil prices may go free floating

Published 2021년 9월 30일

Tridge summary

The article discusses the end of government fixed pricing for sunflower oil in Russia, starting October 1, which will allow retail chains to set their own prices. This decision comes after the expiration of agreements that capped the price of sunflower oil at 110 rubles per liter in retail stores. The article also touches on the history of food price increases in Russia, including a significant rise in sunflower oil prices, and challenges with market regulation and violations. It also mentions the potential impact of weather and high electricity tariffs on farming costs and proposes a law for state price regulation of essential goods. Experts' opinions are mixed on the effectiveness of the price freezing measure, but agree that it was necessary.

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Original content

Prices for sunflower oil may go free floating The government did not renew agreements with sellers and manufacturers on a fixed price of oil 00:00 Author: Ekaterina Kutuzova © Lori.ru From October 1, retail chains will be able to independently set prices for sunflower oil. The period of validity of the Government decree on agreements between the relevant ministries, producers and suppliers that regulated prices for sunflower oil expires on September 30. How this will affect the wallets of Russians and how effective the measures for state regulation of prices turned out to be, Parlamentskaya Gazeta examined. Will butter rise in price by winter The largest increase in food prices in Russia was recorded in 2020 and at the beginning of 2021, Vladimir Putin stated in June this year during a direct line. Then the president was asked why bananas from Ecuador are cheaper in the store than carrots from the neighboring region. The head of state noted that the rise in food prices is a global ...

Source: Kvedomosti