Russian Ministry of Agriculture sees no prerequisites for a significant increase in the cost of bakery products
Wheat
Bakery & Bread
Russia
Published Jan 27, 2022
Tridge summary
The Ministry of Agriculture believes that there are currently no prerequisites for a significant increase in the cost of bakery products in Russia. This is stated in the message of the ministry. "Currently, there are no prerequisites for a significant increase in the cost of bakery products. At the same time, there may be individual cases of revision of prices for specific assortment positions on the market, which is a standard practice in relations between manufacturers and retail chains," the report says.
Original content
The Ministry of Agriculture believes that there are currently no prerequisites for a significant increase in the cost of bakery products in Russia. This is stated in the message of the ministry. "Currently, there are no prerequisites for a significant increase in the cost of bakery products. At the same time, there may be individual cases of revision of prices for specific assortment positions on the market, which is a standard practice in relations between manufacturers and retail chains," the report says. The Ministry of Agriculture recalled that in order to stabilize prices for grain, as well as products of its processing, the government of the Russian Federation adopted a set of measures for customs and tariff regulation, including a "floating" export duty on basic grain crops, as well as an export quota applied in the second half of the agricultural season . In addition, last year flour-grinding and baking enterprises received additional subsidies in the amount of 4.7 ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.