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    Home > Food News > Food Articles > Russian experts say the government is taking steps to tackle food shortages

    Russian experts say the government is taking steps to tackle food shortages

    • Last Update: 2021-02-12
    • Source: Internet
    • Author: User
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    Russia's Tass news agency reported on January 26, the Russian Academy of Sciences, deputy director of the National Institute of Economic Prediction Ksernofontov said that the Russian government to take export restrictions on grain, and actively regulate grain prices, the Russian domestic market food prices slowed down, grain and vegetable oil supply is sufficient, the Russian market did not see sugar, sunflower oil and other food shortage risks.
    December 16, 2020, the Ministry of Industry and Trade, the Ministry of Agriculture and major retailers and food producers signed an agreement to stabilize the prices of sugar and sunflower oil, which provides for the period from December 20, 2020 to April 1, 2021. The maximum factory price of Russian cooking oil is 95 roubles/litre, the retail price of shops is 110 roubles/litre, the maximum price of sugar is 36 roubles/kg and 46 roubles/kg respectively, and the price limits can be appropriately raised in the Russian Far North, Far East and Kaliningrad regions according to logistics costs.
    , in order to regulate grain prices in the domestic market, the Russian government has adopted export quotas and imposed export tariffs on a variety of agricultural products, including wheat, rye, barley and maize.
    situation, in order to stabilize food prices, the Russian government uses non-market means to regulate, and its measures are generally reasonable and effective.
    In the short term, the Russian market does not see the risk of food shortages such as sugar and sunflower oil: sufficient stocks of Russian sugar can fully compensate for the decline in production, and the harvest of Russian grain and oil crops is close to record levels in 2020.
    russian market will maintain adequate supplies of grain and vegetable oil in the face of export restrictions.
    also said that the recent increase in the international market prices of cereals, oil crops and their processed products, which will have an impact on the domestic prices of related products.
    the strong ruble exchange rate in early 2021 and the Russian government's export tariff measures slowed the momentum of Russian grain exports, calming the trend of rising food prices in Russia, but in the coming months, related goods are not likely to significantly reduce prices.
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