The Russian Ministry of Industry and Trade has not observed a significant rise in markups on bread and butter in retail chains, despite concerns about rising production costs and imported raw material prices. The ministry is collaborating with the Federal Antimonopoly Service to investigate the issue further. The average retail price for butter in Russia has increased by 20.4% since January, while the wholesale price remains unchanged. The largest retail chains in Russia have average markups on bread products that exceed 100%, according to the FAS, although the largest retailers claim their markups on popular bread items do not exceed 10-13%.