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IKAR in Mass Media

Can increase the price of sunflower oil

25 марта 2020 года

the Federal Antimonopoly service on March 23, beginning with daily monitor the situation on the food market of the country. Back worried about a possible unjustified increase of prices for socially important products and products. Special attention service will be given to bakery products, cereals, meat, eggs, oil, and a number of vegetables and fruits. Among other FAS to monitor the prices for sunflower oil.

Only last week the price of sunflower oil on the world market fell by $15 – from $640/MT to $625/t, it follows from the monitoring of “Sovekon”. According to the Institute for agricultural market studies (IKAR), prices have fallen to $620/ton, and that’s a record low since 2008. Vegetable oils are highly sensitive to oil prices, experts explain. From the beginning, the price of sunflower oil on the world market had declined, and the fall in oil prices only fueled the peak price for oil, says a leading expert of IKAR, Daniel Khotko.

following the oil the weakening of the ruble led to a rise in domestic prices. Exporters were able to offer farmers for seed more on this background the Russian producers, too, were forced to increase their prices, not to be left without raw materials, explains Khotko. According to “SovEcon”, last week the sunflower seeds increased in price on 625 RUB, to 19,575 thousand RUB./t. According to IKAR, farmers now offer seed at 23-24 rubles/kg with VAT, and a year ago at the same time, prices ranged from 22,8 to 23.5 rubles/kg., Respectively, increased prices for oil. According to “SovEcon”, last week, the increase amounted to 2 thousand rubles., to 46,675 thousand RUB./t. At the moment crude sunflower oil in the South of the country sold at 48,5-49 rubles/kg with VAT, (year the wounde for 43 rubles/kg), cites Daniel Khotko.

Yet, despite the high demand, the price level on oil and fat products remains the same, certifies to the Executive Director of the oil and fat Union Mikhail Maltsev. But the situation may change soon.

To keep oil prices unchanged, the oil and fat Union has asked the Ministry of agriculture with a request to undertake measures for stabilization of prices for sunflower oil, says the Executive Director of the Union Mikhail Maltsev. According to him, farmers now artificially inflate prices, trying to hold raw materials for more profitable sales. While the Union response from the Ministry of agriculture has not received.

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Source: kxan36news.com  |  #oilseeds   |  Comments: 0   Views: 44

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