Sugar pricing agreements expire in Russia

Since June 1, Russia has completed the agreements on the stabilization of prices for granulated sugar, concluded at the end of last year. The Ministry of Agriculture previously reported that it does not plan to extend the agreement on fixing prices for sugar and sunflower oil (valid until October 1).

Price stabilization agreements were concluded against the backdrop of rising food prices. The agreements were fixed at the maximum wholesale and retail prices: for sugar – 36 rubles. per kilogram wholesale and 46 rubles. in retail, for sunflower oil – 95 rubles. and 110 rubles. respectively. Initially, the agreements were in effect until April 1, but later they were extended until June 1 (sugar agreement) and October 1 (butter agreement) in 2021.

As Kommersant previously reported, on the eve of the expiration of the agreement on fixing prices for sugar, the Ministry of Agriculture began to consider new measures to regulate the market. Among them – the creation of an intervention fund to stabilize prices, as well as the continuation of quotas for duty-free imports.

More details about the plans of the department – in the material of “Kommersant” “Sugar will not be found.”