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Wednesday, June 16, 2021

The Ministry of agriculture predicts a shortage of sunflower oil in Russia

Photo: Sergey Bulkin/NEWS.EN

The Ministry of agriculture of Russia expects a deficit of sunflower oil in the markets of the country and works to expose the facts of unreasonable increase in the cost of the product. According to the Agency, in 2020 the level of self-sufficiency of the Russian Federation of the vegetable oil will be 176,3%.

The Ministry of agriculture is working to maintain a stable price situation on the food market, the facts of unreasonable overpricing are quickly identified and worked out jointly with the Federal Antimonopoly service and the Prosecutor General’s office, — writes TASS, citing the Ministry of agriculture.

Prices for crude sunflower oil rose sharply in Russia. The average raw material price increased by 6.6% and was worth a record 74 175 roubles per tonne. Experts believe that the main reason for the sharp rise in prices was a rise in export prices for the goods. In addition, increased rapidly quotes of sunflower oil exports. Over the past week it has become more expensive at $35.

The sunflower market also showed growth after a small drawdown. The average prices for goods rose to 1375 rubles, up to 30 875 rubles per ton.

Earlier NEWS.ru reported that the Russians in the next year, it expects growth of prices on the Internet for at least 10%. Almost two-thirds of top managers service providers believe that the increase will amount to 15-20%, even 10% of the respondents are predicting growth of 20%. That rates rise more than projected inflation, sure 74% of executives surveyed.

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