Russia: Government extends sugar and butter price agreements

The Russian government has extended agreements on stabilizing prices for granulated sugar until June 1, and for sunflower oil - until October 1, 2021, the press service of the Cabinet of Ministers reports. "Agreements on stabilizing prices for granulated sugar will be extended until June 1, 2021, and for sunflower oil - until October 1, 2021. This resolution was approved by Prime Minister Mikhail Mishustin," the statement says. In December 2020, the Ministry of Agriculture, the Ministry of Industry and Trade, a number of manufacturers and retail chains signed an agreement, according to which the maximum selling price for sunflower oil is set at 95 rubles per liter, the retail price is 110 rubles per liter, and the cost of sugar is set at 36 rubles and 46 rubles per kg, respectively. Their validity period expired on April 1, which could lead to an increase in the price of these products, the government noted. The decision is part of a set of measures to reduce food prices, ...