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Rising meat and milk prices expected in Russia - EastRussia | Far East






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Rising meat and milk prices expected in Russia

Rising meat and milk prices expected in Russia

In Russia, products of meat and dairy origin can jump in price. This is evidenced by the experts of the Analytical Center under the Government of the Russian Federation. Among the reasons - the rise in price of raw materials, gas and electricity, a reduction in livestock and others.

The experts forecast the cost of consumer goods by order "Izvestia". According to estimates, the cost of meat and poultry, as well as milk and dairy products, can increase by 10-12%. Last fall, it was included in the list of goods subject to mandatory electronic veterinary certification. Manufacturers had to bear the cost of installing the necessary equipment.

From June 1, 2020, digital marking of this product will be introduced, which will increase the burden on manufacturers. But this is not the only reason. The cost of raw materials is growing. It is affected by the need to buy livestock abroad, the situation on the foreign exchange market, and high loan rates.

As for meat, its value is determined by demand. Overproduction of pork is observed in the country, because of which the price will not fall by 5-7%. Beef, on the contrary, according to experts' forecasts will rise by 5% in price due to a reduction in livestock.