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Buckwheat and oatmeal will rise in price by 20%
Buckwheat and oatmeal producers notified retailers about the upcoming price increase of 10-20% in November. Sellers say they will try to postpone the rise or stretch it over several stages.
As the Kommersant, Dmitry Leonov, deputy chairman of the board of Rusprodsoyuz, explained that food suppliers had been holding back the growth of selling prices throughout the last year due to their own profitability. Now they are forced to either raise the selling prices or leave the market. According to the Ministry of Agriculture, the volumes of local production of basic cereals provide the existing domestic demand. In 2021, buckwheat was harvested by 22 thousand tons more than in 2020.
In the summer of this year, the cost of buckwheat in stores rose to its maximum values over the past ten years. As previously reported by IAA EastRussia, oat flakes and grain have risen in price as much as possible since 2000. The price per kg of rolled oats in stores exceeds 80 rubles. However, the Ministry of Agriculture notes that there is no shortage of oats.