Russia to limit price of potatoes on shelves for three months

Published 2024년 12월 25일

Tridge summary

Retailers and producers in Russia have agreed to fix the prices of a specific type of potato for the next three months to stabilize prices and increase availability. The decision includes limiting the markup of retail chains on potatoes and producers in selling to retail. The Potato Union is also advocating for the removal of duties on imported vegetables to further stabilize prices. Additionally, many retail chains are starting to work directly with producers under agricultural contracts to plan harvest volumes. The Ministry of Agriculture is also working towards direct long-term supply contracts between producers and retail chains to maintain a stable market for potatoes and other products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Retailers and producers have agreed on this Russian retailers and producers have agreed to fix prices for a certain type of potato for three months. We are talking about unwashed root vegetables in nets weighing 25 kg and with a diameter of 50 to 80 mm. Alexey Krasilnikov, executive director of the Potato Union, told Izvestia about this. “The decision to fix prices was made literally a few days ago. Now it has been confirmed by X5 Group (Pyaterochka, Perekrestok, Chizhik chains) and three large potato producers, who are either working on existing contracts for the purchase of vegetables or concluding new ones. In addition, similar negotiations are underway with other federal chains and producers,” he noted. According to the expert, this is a joint decision to limit both retail chains in their markup on potatoes and producers in selling vegetables to retail. “This should serve to stabilize prices and increase the availability of potatoes on the shelves. According to Rosstat, on ...
Source: Specagro

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