Russia to Introduce New Mechanism to Curb Egg Prices — Izvestia

Retail chains will be prohibited from receiving remuneration for selling this product A new mechanism for containing prices on chicken eggs will be introduced in Russia. As Izvestia has found out, retail chains will be prohibited from taking remuneration from suppliers for selling a certain amount of goods. Currently, it amounts to up to 5% of the cost of purchased eggs. This draft government resolution, prepared by the FAS, was supported by relevant departments. “According to the ministry’s assessment, this measure will have a positive impact on the pricing situation on the domestic market and in the future, poultry products will remain affordable to a wide range of consumers,” the press service of the Ministry of Agriculture told the publication. At the same time, they noted that since the end of last year, there has been a decrease in selling prices for eggs. According to the ministry, during this time, as of September 18, the cost of eggs of the first and second categories ...