MOSCOW, Feb 9 – RIA Novosti. The Russian government will continue to analyze the measures taken to regulate food prices and, if necessary, will change them, said the head of the RF Ministry of Economic Development Maxim Reshetnikov, speaking in the State Duma.
“We will be extremely careful in approaching these mechanisms, and those temporary measures that have now been introduced – we really consider them as temporary, should be replaced as soon as possible with economic mechanisms for regulating pricing,” the minister said.
According to him, it is necessary to further analyze how effectively the measures taken to curb the rise in food prices are working, and “if necessary, change them in a timely manner.” “But mainly, we need to make sure that all measures work for the long term, and create a predictable business environment,” Reshetnikov stressed.
The rise in prices for basic foodstuffs became one of the key topics at a meeting on economic issues with Russian President Vladimir Putin in mid-December last year. Putin criticized the government for the rise in food prices, after which the cabinet announced a set of measures to contain them.
Among these measures – the conclusion of agreements on the stabilization of prices for sugar and sunflower oil produced in Russia. The agreements are valid until April and fix the maximum wholesale and retail prices: for sugar – 36 rubles per kilogram in wholesale and 46 rubles in retail, for sunflower oil – 95 rubles and 110 rubles, respectively.
In addition, to reduce sugar prices, factories will be able to obtain preferential loans in 2021 for the purchase of sugar beets from producers. And if this measure does not lead to lower prices, the Ministry of Agriculture will consider the possibility of canceling the import duty on cane sugar. A prohibitive export customs duty has already been introduced on sunflower seeds at the level of 30%, but not less than 165 euros per ton. It is valid from January to June 2021. The issue of introducing export duties on sunflower oil is also being considered.
Curbing the rise in prices for bread and flour will be carried out using quotas for grain exports – from February 15 to June 30, 2021, no more than 17.5 million tons can be exported abroad. Also for this period, an export duty on wheat is introduced in the amount of 25 euros per 1 ton.