Imports in Russia is rapidly declining, soon it will begin to be reflected in the price tag – Russia’s Oil

Imports in Russia is rapidly declining, soon it will begin to be reflected in the price tag – Russia's Oil

«Oil of Russia», 10.09.14, Moscow, 09:14 According to the Federal Customs Service, in the first month of the sanctions food imports and raw materials for their production in Russia decreased compared to July of this year by 13.1% to a level of 2.5 billion. dollars. Trading networks are actively looking for new suppliers in order to avoid further price increases.
Federal Customs Service has documented the effect of introduced August 7th Annual Russian government moratorium on the import of fruits, vegetables, dairy and meat products from the United States, Australia, Canada, the European Union and Norway . In August, the supply of food and raw materials for its production in Russia from foreign countries decreased by 7.5% in value terms compared with the same period in 2013 and 13.1% compared to July of this year. In the largest decline – dairy products (imported 57% less than the year before), pork (45%), vegetables (44%) and poultry (39%). The only sanctions goods, which showed growth of supply – beef, it was imported in August, 47% more than the year before. Data on the volume of deliveries in August FCS until published, writes “Kommersant”. But when you consider that under the embargo got about 40% of the total food imports, decline in value by only 7.5% said not only that the prohibitions on imports managed to find a replacement, but also an increase in costs of supplies, including iz for complex and costly logistics (http://www.kommersant.ru/doc/2563526).
As told to “Novye Izvestiya” Director of the Institute of Agricultural Marketing Elena Turina, in Russia, the most import-dependent markets are fruit and vegetables and dairy products. “After the introduction of sanctions they naturally fell – on the Russian shelves was not apples, pears, plums and other fruits from Europe. For dairy products imports fell by supplies mainly from Finland and the Baltic states “, – she said. According to experts, two months after the imposition of sanctions trading networks have to find new suppliers to avoid shortages of goods and further price increases. “Now seasonally increased offer of Russian products – mainly fruits and vegetables. In October it will end, and would require the import. Replace imports with domestic products suppliers for vegetables will turn out not earlier than next year, and for milk – 2-3 years. Until that moment, Russia will need to continue to purchase food in other countries, “- said Tyurin (http://www.newizv.ru/economics/2014-09-10/207454-pod-zanaves-edy.html). Read more at http://www.oilru.com/news/425491/