Oct 16, 2020
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Sugar rises in price against the background of poor beet harvest

A poor sugar beet harvest and problems with logistics have led to a sharp rise in sugar prices on the shelves. This opinion was expressed by the executive director of the Rusprodsoyuz association Dmitry Vostrikov.

He noted that this year the sugar beet harvest amounted to only 33 million tons against 52 million tons harvested last year. Thus, the price of raw materials could rise and sugar factories are trying to win back profitability. In addition, in Russia, sugar production is located mainly in the south of the country and in the black earth region.

Accordingly, the transfer on the only railway is more expensive, and sugar is more expensive there., - quotes Vostrikova OTR.

He added that the Ministry of Agriculture is trying to find a balance between food exports and imports, but this is difficult to do.

In turn, the director of the National Fund for Consumer Protection, academician of the Russian Academy of Natural Sciences, Alexander Kalinin, believes that government agencies should regulate prices. He also spoke about the appeal to the antimonopoly service, where, in his opinion, now little attention is paid to the protection of the rights and legitimate interests of consumers.

Earlier reported that the Federal Antimonopoly Service (FAS) of the Russian Federation commented on reports of a possible rise in prices for sunflower oil in Russia. The press service of the department noted that they see no reason for a significant increase in prices for this product. Pavel Zaborshchikov, deputy head of the service, noted that the current balance of production and consumption of sunflower oil does not give grounds to expect a deficit.

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