Sugar producers in Russia may again be required to fix prices

Published 2022년 12월 27일

Tridge summary

The Ministry of Agriculture has warned large sugar producers about the potential for a new agreement that could cap the price of sugar at 50–53 rubles per kilogram, due to concerns over a sharp increase in wholesale sugar prices. This increase has been attributed to the depreciation of the ruble. The original price agreement, made between the Ministry of Industry and Trade, the Ministry of Agriculture, sugar producers, and retail chains in December 2020, capped the wholesale cost at 36 rubles per kilogram.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Agriculture has warned the largest sugar producers about the risk of a new agreement that limits the price of this product. Such a development of the situation is possible if in the first quarter of 2023 the level of the wholesale cost of this product will be higher than 50–53 rubles. for 1 kg. This was announced on December 26 by Deputy Minister of Agriculture Oksana Lut at a meeting. Vedomosti was told about this by two of its participants. According to them, it was attended, in particular, by the companies Prodimex (brands Naturiqa, Prodimex), Rusagro (Russian Sugar, Chaikofsky), Dominant, JSC Kristall, Agrocomplex im. N. I. Tkacheva. The reason for the meeting was the sharp rise in the wholesale price of sugar from 19 to 25 December. Loot reported a 10-15% increase in the price of this product, depending on the manufacturer and region, participants in the meeting relay her words. Viktor Aleksakhin, General Director of Prodimex, explains this, among other ...
Source: Milknews

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