Russian Ministry of Agriculture predicted prices for bread and butter in February

By February, retail wheat flour may rise in price by 3.7%, bread - by 2.1%, sunflower oil - by 2.2% versus November indicators. This is stated in the report of the Ministry of Agriculture to the government, which Izvestia got acquainted with. While grain and oilseed prices are falling in global markets, producer costs continue to rise. Utilities, logistics, packaging and other components of the cost of production are becoming more expensive, the Ministry of Agriculture told Izvestia. If the situation with the coronavirus does not worsen, then by the spring of next year, inflation will begin to slow down, economists are sure. Forecast for increase The Ministry of Agriculture has prepared a forecast on how the prices for food products will change in the coming weeks. The document, which Izvestia got acquainted with, is dated December 10, the department sent it to the government. It follows from the report that one should expect a rise in the price of wheat flour, bread made from it, ...