Sunflower oil prices may go free floating in Russia

Published 2021년 9월 30일

Tridge summary

The Russian government has let expire the fixed price agreements for sunflower oil, allowing trading networks to set their own prices from October 1. This decision, part of wider efforts to curb food price increases, comes amidst concerns over potential impacts on consumers and questions about the effectiveness of previous price regulation efforts. The article also discusses the potential effects of weather and high electricity tariffs on farming costss, and debates the need for state price regulation of essential goods. Opinions are shared on the necessity of such measures and the potential impact on consumers, alongside discussions of proposed measures like extending the purchase of agricultural products into the intervention fund to address price fluctuations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The government did not renew the agreements with sellers and producers on the fixed price of oil. Starting from October 1, trading networks 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 trend over the past ten years. “The biggest increase in food prices was ...

Source: Oilworld