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Russia's implementation of a mandatory labeling system can slow the price increase of dairy products

 Last Update: 2021-09-28
 Source: Internet
 Author: User

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Itas News Agency reported on September 16 that experts from the Russian Higher School of Economics stated that the implementation of a mandatory digital labeling system for dairy products slowed the price increase of related products .
Since the implementation of the mandatory labeling system for cheese and ice cream products, the price increase of ice cream fell to 3.
2% from June to September (3.
5% from March to June), the price increase of cheese was 0.
7% (previously 0.
9%), and the price increase of butter and yogurt The price of dairy products that have not yet implemented the labeling system has risen too fast .
The labeling system can ban the circulation of illegal products whose prices are not regulated, thereby rectifying the market and stabilizing prices .
The increase in the price of dairy products in Russia is mainly related to the increase in the cost of raw materials and packaging, the increase in the price of imported veterinary drugs and electricity, and exchange rate fluctuations .

Dairy product label price

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