Rising prices for dairy products in Russia are due to market factors - expert

The rise in prices for dairy products in Russia is due to market factors, including an increase in production costs due to higher costs for labor, feed, energy resources, and equipment maintenance. This was reported to journalists by Artem Belov, Director General of the National Union of Milk Producers (Soyuzmoloko). "There are a huge number of milk and dairy producers in Russia, the market is highly competitive, so the current price dynamics are due to absolutely market factors," Belov said. According to the expert, the current price situation on the finished dairy products market is due to the influence of a whole range of market factors that have affected the industry over the past few years. "The key reason for the observed dynamics of prices for dairy products is the growth of production costs along the entire chain due to the increase in costs for all key items. Enterprise expenses have increased in all areas - wages, feed, energy resources, equipment maintenance, etc. ...