Адрес:
6 Presnenskaya Emb., 123112 Moscow Russia
Главная \ News \ FAS explained why food prices should rise

FAS explained why food prices should rise

Prices for products must grow, otherwise manufacturers will not be able to receive adequate profits and invest in the development of production, said Andrei Tsyganov – deputy head of the Federal Antimonopoly Service (FAS) – during the interview with RIA Novosti.

It is impossible to develop production with low prices. Tsyganov also noted that the situation when prices are kept at the same level may indicate cartel collusion.

The rise in prices for poultry and eggs (according to Rosstat, eggs last year rose by 25.9%, meat and poultry - by 9.7%) was caused by the active development of this sector. He noted that thanks to this, Russia provided itself with poultry meat and eggs by more than one hundred percent.

However, according to him, this situation cannot continue indefinitely – companies must repay debts, which they have taken for the development of production.

“In general, no one is going to work at a loss,” summed up Mr. Tsyganov.

 

Source: www.ria.ru  

News
The international rating agency S&P has approved a long-term rating of Russia for liabilities in foreign currency at BBB- with a stable outlook.
The unemployment rate in Russian regions at the end of Q2 2020 increased by an average of 30% compared to the same period last year, writes Kommersant, citing Rosstat.
The share of unprofitable organizations in the Russian Federation in January-May 2020 increased by 3.8 pp compared to the same period last year and amounted to 36%, Rosstat reports.
Inflation in Russia in the period from June 30 to July 6 jumped to 0.3% after zero value reached a week earlier, according to Rosstat data.
Rosstat published the full structure of all consumer income and expenses for Q2 2020.
MARKET INDICATORS
THE RUSSIAN TOURIST MARKET
THE RUSSIAN TOURIST MARKET
Review of the Russian Coffee Market
Review of the Russian Coffee Market
Review of the Russian Meat Market
Review of the Russian Meat Market
Review of the Russian Fruit and Vegetables Market
Review of the Russian Fruit and Vegetables Market
Контакты
6 Presnenskaya Emb., 123112 Moscow Russia
Get in touch