Wednesday, August 13, 2014

Suppliers of food began to raise prices on products – BFM.Ru

Suppliers of food began to raise prices on products – BFM.Ru

This notified retailers

The Russian authorities became known first cases of rising procurement prices of food after enactment of retaliatory sanctions against the EU. It is reported by “Kommersant».

In particular, one of the largest Russian retailer, X5 Retail Group, which controls a network of shops “Crossroads”, “Roundabout” and “Carousel”, informed the Ministry of Industry to raise prices for shrimp suppliers red fish and more than 20%. Suppliers, in turn, explain such a sharp rise in the higher cost of transporting products and a change in the scheme of payments to contractors.

According to the publication, the authorities are aware of the attempts to curb speculation and intend these actions. Last week warned about this Prime Minister Dmitry Medvedev. On the eve of Agriculture Minister Nikolai Fyodorov said that the Ministry of Agriculture supervisors checked the incoming information, and did not rule out the probability of excitation cases on speculation.

According to the experts, unjustified price increases often becomes the result of collusion in the market. In case of such agreements, FAS may impose on offenders a fine of up to 15% of income from illegal activities. In addition, in accordance with the law “On Trade” the government has the right to establish the maximum allowable retail prices for socially important goods in the territory of the Federation, if the rise in prices for 30 days more than 30%. However, such restrictions are not more than 90 days.

As previously reported, due to the ban on the import of food products from the EU, Moscow authorities intend to conduct raids on major riteylerskie networks in order to detect contraband. Products imported to Russia before the commissioning of the sanctions, to sell is not prohibited.

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