Agreement on the stabilization of prices for sunflower oil will not be extended after October 1, TASS reports with reference to the statement of the Minister of Economic Development of the Russian Federation Maxima Reshetnikov. It follows from this that in Russia will cancel the freezing of the cost of this product.
“We believe that those constantly working mechanisms that have been accepted will be sufficient, therefore the agreement will finish its effect and goes into the past,” the head of the Ministry of Economic Development.
According to Reshestnikov, since the autumn should earn other measures that will affect the pricing is a damper mechanism that will cover this product. “We have only sunflower oil, and it has yet been reinforced by the subsidization system, the damper is starting to work with autumn on the sunflower oil,” the minister added.
Agreement on the stabilization of prices for sugar and sunflower oil Ministry of Industry, Ministry of Agriculture and large retailers and manufacturers signed in December 2020. They acted until April 2021, and then were extended: on sugar – until June 1, on the oil – until October 1. The damper mechanism is introduced by analogy with the gasoline market. It suggests that at high prices there will be an export duty, and at low producers will allocate funds.
The fact that in Russia in the future will abandon the state regulation of prices for food, at the end of July, Vita Prime Minister Victoria Abramchenko said. She explained that with this “really need to finish”, because the measure was extraordinary.