The Federal Antimonopoly Service (FAS) of Russia has prepared a draft resolution on the extension of price agreements for sugar and butter

Published 2021년 3월 26일

Tridge summary

The Federal Antimonopoly Service of Russia has proposed a draft government decree to extend agreements with producers and retail chains aiming to stabilize prices for sugar and sunflower oil until June 1, 2021, and October 1, 2021, respectively. This step is taken to prevent an unjustified increase in prices for these commodities, following instructions from the Russian government to work out extensions of business agreements on sugar and butter prices. Initially set in December 2020, these agreements limit the maximum selling price for sunflower oil and sugar, and it is planned to subsidize the producers of butter and sugar to maintain price stability.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Federal Antimonopoly Service (FAS) has prepared a draft government decree proposing to extend agreements with producers and retail chains to stabilize prices for sugar and sunflower oil. The document was published on the portal of draft regulatory legal acts. "A draft decree of the government of the Russian Federation" On Amending the Decree of the Government of the Russian Federation of December 14, 2020 No. 2094 "(agreements on the reduction and maintenance of prices for certain types of socially important foodstuffs of primary importance - TASS note) has been developed, providing for the extension of the period of validity of the decree No. 2094 in terms of granulated sugar until June 1, 2021, in terms of sunflower oil - until October 1, 2021, "the explanatory note to the document says. It is noted that the extension of the agreements is necessary to prevent an unjustified rise in prices for granulated sugar and sunflower oil. Earlier, the Russian government instructed the ...

Source: Milknews