Ivan Fedyakov: Prices for agricultural products in Russia are the fastest growing

Prices for agricultural products in RUSSIA are the fastest growing. Over the past year, they have risen to almost 30%. This was stated by the general DIRECTOR of the information and analytical agency Infoline Ivan Fedyakov.

“The real price level is growing by 15-16% year on year. But on the other hand, prices for raw materials are growing by 25%, in some cases by 30%, that is, prices for agricultural products are growing at a faster pace. For MILK , for other components necessary for the production of the final product, prices are growing faster than the prices for the final product,” said Ivan Fedyakov.

The analyst added that today manufacturers are forced to raise prices for their products. “For the most part, manufacturers are forced to raise prices. They would not want to do this, because it is done with the risk of losing market share,” he said.

Associate Professor of the Department of Finance and Prices of the PRUE G.V. Plekhanova, Candidate of Economic Sciences Maria Dolgova noted that in Russia there are no sufficient conditions for storing crops.

Food prices in Russia and their change for the year, data for January 2022 

“In our natural and climatic conditions, the harvest must be stored. Money is also spent on this so that it will be on the shelves throughout the winter. We do not have enough capacity for the storage of agricultural products. Therefore import. Usually import starts somewhere in the spring, from March. But if they have not harvested enough of their crops and preserved it poorly, imports begin much earlier, for example, in December-January. Accordingly, we observe this on our shelves, ”the economist emphasized.