Cereals producers in Russia warned about the rise in prices for oatmeal and buckwheat

Published 2021년 10월 25일

Tridge summary

The agricultural holding "Rosa" and other suppliers are planning to increase the prices of their products by 10-20% from November 4 due to a significant rise in the prices of grain and leguminous crops. The cost of buckwheat and oats in the Altai Territory has increased by 38% and 32% respectively from August 1 to October 15. The high prices are due to high production costs, poor quality harvest, low carryover stocks, and the end of the ban on the export of cereals. The Ministry of Agriculture assures that the domestic production of the main types of cereals and raw materials for them meets the existing demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Thus, a large producer of buckwheat, oatmeal, cereals and other cereal products "Rosa" (the publication refers to a copy of his letter) warned partners about an increase in prices for most items by 10-20% from November 4. As stated in the appeal, the reason is a significant and continuing rise in prices for grain and leguminous crops. Buckwheat and oats from August 1 to October 15 in the Altai Territory rose by 38% and 32%, respectively. According to Rosstat, in August, buckwheat in the Russian Federation cost an average of 102.51 rubles per 1 kg, oatmeal and pearl barley - 45.21 rubles, Hercules flakes - 80.47 rubles per 1 kg. In "Rose" the questions were not answered. The Verny network confirmed to Kommersant that they had received notifications from groats producers about an average price increase of 15%. Suppliers refer to the fact that the end of the grain harvest did not lead to a decrease in prices, but caused further growth, a representative of the chain said. The ...
Source: Agrovesti

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