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IKAR in Mass Media

Wholesalers reported a provoked rise in prices of socially important products the Russians

31 марта 2020 года

Wholesale prices for buckwheat and rice has increased significantly, to the monitoring of the company “Prozerno”. In this respect the Rosselkhoznadzor from March 20 for 10 days imposed a temporary ban on the export of cereals. Without a doubt, this restriction will increase the stocks of cereals in Russia. However, wholesale prices is unlikely this will be reduced to miss this opportunity will not earn any manufacturer, unless the FAS.

the Rise in prices of raw materials inevitably provoke a growth in the value of the final product, experts say, blame, in their opinion, including consumers themselves. “Wholesalers are constantly monitoring the demand and prospects of strengthening of quarantine. and I see great opportunities to increase their revenues, says a member of the chamber of Commerce and industry (CCI) Anna Vovk. — Now at retailers, there is a risk of falling foul of the authorities in the case of a sharp rise in food prices. Therefore, price tags will be rewritten, but very carefully. If you opt buckwheat had jumped by about 25%, retail growth may reach 10%”.

But a temporary ban on exports to control prices — the big question. According to the chief analyst of TeleTrade Mark Goichman, with the growth of the dollar against the ruble, manufacturers becomes much more profitable to sell products for export in foreign currency, revenue in appreciated dollars, and incurring the expenses in a depreciating ruble. “The probability of increasing exports to the detriment of domestic consumers is sufficiently high. And this impedes precautionary ban on the export of cereals,” he says.

However, not only the price tags on buckwheat and rice in the near future, will rewrite the retailers in the direction of increasing. The price increase is likely to affect the main product for all Russians — bread. The price of Russian wheat hits record. At the end of March 16-20, the average price of food wheat in Russia has grown substantially, the report said “Sovekon”.

According to Anna wolf, the main reason for the increase is the depreciation of the ruble. “Indeed, oil has become cheaper grain, notes onon. — Up to retail new prices can be during the month. However, the online stores have to the last to try to control them: the government to curb the growth of social tension will continue to negotiate with the commercial networks on maintaining the old prices for bread”.

At the same time, the share of grain in the cost of bread is relatively small –about 20%. Everything else is the production, packaging, transport and margins of the store. Therefore, expensive corn will increase immediately and dramatically the price of bread at retail.

meanwhile, as experience showed last week, people are buying not only buckwheat, but food as well. Someone is counting on long-term storage in the package or in the fridge, and someone in the home production of crackers. In any case, the bread is an integral part of the diet of most Russians. Industry experts believe that people if anything will give up vegetables, meat products, but not of bread.

what is the price of bread, – %

Package – 1
Energy – 2
Other raw materials – 5
General expenses – 8
Transportation costs – 9
Salary workers – 16
Flour – 21
mark-up shops – 35

Source: IKAR, Rosstat

Dynamics of average retail prices for buckwheat

Year – RUB./kg

2009 – 26,4
2010 – 67,1
2011 – 68,2
2012 – 43,7
2013 is 37.9
2014 – 67,1
2015 – 70,6
2016 – 94,1
2017 – 57,5
2018 – 48,5
2019 – 50,9

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Source: ilawjournals.com  |  #grain   |  Comments: 0   Views: 57

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