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Sunflower oil producers warned of price increases

Sunflower oil producers warned of price increases
Photo: pixabay.com

In Russia, Bunge CIS, a major sunflower oil producer, has warned of an increase in product prices. From October 2, the cost will rise by 3,2%.

As they write "News”, The growth began after the end of the agreement on freezing prices for sunflower oil. As wrote EastRussia, the government was ready to subsidize part of the cost of the product, and limit values ​​were set per liter of oil. The agreement was valid until October 1. 

So far, the increase has affected the cost of premium brands for distributors. For retail chains, the price remains the same, noted in the company "Bunge CIS". However, some chains have also increased their price tags after distributors' prices have risen, but for buyers the increase in value will be gradual.

Other suppliers of sunflower oil have not yet sent notifications about the rise in price. However, in oral conversations, they noted that within a few weeks prices will rise from 3% to 5%.

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