Russian retail chains are studying applications for price increases, including for mayonnaise

Published 2021년 4월 9일

Tridge summary

Russian retail chains are considering requests from manufacturers, such as 'Efko', NMZhK, and 'Skeet', for price increases on mayonnaise and sauces, with a potential rise of 5-12% in April due to increased costs of sunflower oil, packaging, and fuel. The Association of Retail Companies (AKORT) and various government ministries are involved in the price review process. The ministries are also implementing measures to support fat and oil industry enterprises and limit oilseed exports to reduce ingredient costs and maintain stable product prices.

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

Original content

Russian retail chains are carefully considering manufacturers 'applications for price revision, RIA Novosti was told by the Association of Retail Companies (AKORT, which unites the largest Russian retailers), commenting on information about manufacturers' requests to increase prices for mayonnaise and sauces. The newspaper "Kommersant" wrote on Friday that the group of companies "Efko", the Nizhny Novgorod oil and fat plant (NMZhK) and "Skeet" warned retail chains about an increase in selling prices for mayonnaise and sauces by 5-12% in April, depending on the type of product ... In particular, NMZhK cited the rise in the cost of sunflower oil, packaging and fuel as the reasons for the increase in prices. "The receipt of requests from manufacturers to revise prices for commodity items is part of the workflow. Such requests are carefully considered by retail chains for validity. If necessary, specialists from the Ministry of Agriculture, the Ministry of Industry and Trade ...

Source: Milknews