You searched for "prices" (7 results found)

Russia:Food prices will rise

  • 12 Sep 09:54

Russia:Food prices will rise Food prices in Russia are forecasted to rise. This is reported by RBC with reference to the largest associations of manufacturers and retailers. It is noted that price increases may be provoked by new fines, which the Ministry of Industry and Trade proposed to introduce as sanctions for violations of the requirements of the Customs Union. Here we are talking about a fine of 3% of the annual income received from the sale of products. At the same time, at least 2 million rubles will be charged. The measure of responsibility is planned to apply to manufacturers and sellers who have violated the technical regulations of the Customs Union. If the law is adopted, amendments. Read more...

Cattle herd reduction in Altai will lead to an increase in beef prices

  • 19 Jul 09:26

Cattle herd reduction in Altai will lead to an increase in  beef prices The Russians were warned that in the very near future, meat prices will rise by at least 10%. This was explained by the fact that the supplements that are used to feed animals become more expensive. Meanwhile, beef prices in the Altai Territory have already risen by 5% and this is not the limit. According to the Office of the Federal Antimonopoly Service for the Altai Territory, in the period from February to May 2019, beef prices in the region increased by 5%. The ministry noted that, on the contrary, pork prices dropped by 5%, while poultry prices did not fluctuate this year. According to experts, one of the reasons for the rise in beef price is the fact that the number. Read more...

Meat price may go up by 10% due to the additional charge of VAT on animal feed

  • 4 Jul 08:56

Meat  price may go up by 10% due to the additional charge of VAT on animal feed Meat will be more expensive if importers of feed additives have added VAT for the last three years. The Ministry of Finance and the Ministry of Agriculture differently interpret the legislation on the list of goods taxed at a preferential rate. The cost of beef, pork, and poultry meat in Russia may grow by at least 10% in the case of additional charges to importers of feed additives. The problem with the amount of VAT on imported feed additives appeared due to different interpretations of the government’s decree on the list of goods which are subject to a reduced VAT ate, the press service of the Ministry of Agriculture told. Later, the government adopted. Read more...

Different opinions of sausages price growth in Russia

  • 24 Jun 10:48

Different opinions of sausages price growth in Russia Why sausages and wieners prices greatly increased?According to Rosstat, for 10 years, sausage priceshave risenby 200%. And this process continues: only in the last 12 months, retail prices for these categories of sausages rose again by 8% - on average, to 367.97 rubles. Why are instant sausages made of cranked or shredded meat rising in price so noticeably? On this account there are different opinions. For example, NeoAnalytics experts believe that the main reason for the rise in prices is an unsuccessful 2018 year. Compared to 2017, production volumes fell by 6.4%: up to 2.3 million tons. Another reason is the increase in VAT from 18 to 20%, but the increase in. Read more...

The number of Russians who save on food increased to 24%

  • 30 May 09:29

The number of Russians who save on food increased to 24% The number of Russians who save on food increased to 24% over the last year, according to sociologists of the Romir center. More than on food, the Russians save on travel (29%). Sociologists have concluded that the Russians have returned to austerity. Only 17% of respondents reported that they are not saving anything (in 2016 there were 11%, in 2017 - 18%, and in 2018 - 24%). The number of savings increased for all expenses. According to the study, most Russians save on: traveling - 29% (12% in 2018), food - 24% (17% in 2018), clothes and shoes - (9% in 2018), entertainment - 22% (6% in 2018), delicacies - 20% (12% in 2018), restaurants - 15%. Read more...

Global poultrymeat prices on the rise

  • 25 Mar 11:07

Global poultrymeat prices on the rise Global poultry prices may see an upward swing in 2019, as demand from China grows, and markets that have been in oversupply come into balance. Nan-Dirk Mulder, the author of the latest Rabobank poultry quarterly, says that with African Swine Fever decimating pig populations in China, consumers are seeking out poultrymeat as an alternative. He suggests pork production could be down 10%-20% in the country. Mr Mulder says in the reports that the past few quarters have been marked by major volatility because of a wide range of factors, including trade and disease restrictions and the US-China trade war. Production was particularly high in many markets including the US,. Read more...

Prices for pig feed reach historic lows in Russia

  • 28 Feb 09:22

Prices for pig feed reach historic lows in Russia The average price of pig feed in Russia has reached historic lows in December 2017. This has led to higher Feed Conversion Ratios. According to data released by the Russian Unified Interdepartmental Statistical Information System (EMISS), pig feed cost 12,437 roubles (US$220) per tonne, 10.4% down when compared to December 2016. This is the lowest level registered since the beginning of the current economy crisis in Russia in 2014. Prices have been falling steadily since August 2016, when feed prices reached its zenith at 15,335 roubles (US$271) per tonne, according to EMISS. Last year, Russia saw the strongest-ever fall in animal feed prices – on. Read more...