The Russian Ministry of Agriculture expects that the stability of the price of mayonnaise will be provided through state support

Published 2021년 4월 9일

Tridge summary

The Russian Ministry of Agriculture is implementing measures to stabilize prices for fat and oil products, including supporting enterprises in the industry and regulating oilseed exports. A new order allocates 9 billion rubles for subsidies to sugar and sunflower oil producers, with the goal of keeping costs stable for these products. Despite these efforts, retail prices for mayonnaise and sauces have still seen a significant increase due to rising costs of raw materials and other expenses.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agriculture of the Russian Federation expects to ensure a stable level of prices for fat and oil products through measures to support enterprises. This is stated in the message of the ministry. "New measures to support enterprises in the fat and oil industry, as well as customs and tariff regulation of oilseed exports will help maintain the necessary profitability of the production of fat and oil products, reduce the cost of purchasing ingredients for mayonnaise and sauces and ensure a stable price level for these products," the Ministry of Agriculture noted. On April 7, Russian Prime Minister Mikhail Mishustin signed an order to allocate 9 billion rubles for subsidies to sugar and sunflower oil producers. The decision concerns the companies that participate in the agreements on the stabilization of prices for foodstuffs. This will make it possible to fix the cost of 1 kg of sugar at a level not exceeding 36 rubles for wholesalers and 46 rubles for retail buyers, 1 ...
Source: Oilworld

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