News

Egg prices in Russia will begin to fall – FAS

Chicken Egg
Dairy
Russia
Regulation & Compliances
Market & Price Trends
Published Mar 1, 2024

Tridge summary

Maxim Shaskolsky, head of the Federal Antimonopoly Service (FAS) in Russia, has announced that chicken egg prices are expected to decrease soon. This follows recommendations sent to regions on price agreements with manufacturers and sellers, with major manufacturers agreeing to lower selling prices and retail chains asked to proportionally reduce retail prices. The FAS will monitor the implementation of these recommendations on a weekly basis. This move comes in response to a significant increase in egg prices since September last year, which led to measures such as duty-free supply of 1.2 billion eggs from friendly countries.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the near future, chicken eggs in Russia will begin to become cheaper. As URA.Ru reports, Maxim Shaskolsky, head of the Federal Antimonopoly Service (FAS), stated this at a meeting with Russian Prime Minister Mikhail Mishustin. He explained that the regulator sent recommendations to the regions on the procedure for concluding price agreements with manufacturers and sellers of these products. According to him, the largest manufacturers agreed to reduce selling prices, and retail chains were asked to reduce retail prices in proportion. The service will monitor implementation of these recommendations on a weekly basis. The head of the service also noted that some manufacturers have sharply increased prices for goods in comparison with the growth rate of costs and profitability in the wholesale sector. Based on this fact, ten cases of violation of antimonopoly legislation were initiated in ten regions of the country. All violators showed signs of concluding anti-competitive ...
Source: Rosng
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