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Accounts Chamber: possible shortage of products due to price control
The Accounts Chamber of Russia announced a possible shortage of a number of products due to price containment. Limiting price increases for basic products carries systemic risks.
As reported "Vedomosti", the specialists of the Accounting Chamber believe that it is not profitable for producers to sell products at fixed prices, and the proposed compensation will not be enough to cover the lost profits. In such a situation, they can distribute these goods for export or warehouse, pending the lifting of the price freeze. As a result, there may be an exuberant demand for such products.
However, the joint venture notes a positive result of restraining price increases: in December prices for sugar fell by 4%, prices for bread and cereals stabilized. At the same time, sunflower oil rose in price by 1,7%.
At the end of last year, Russian President Vladimir Putin noted that prices for basic food products have increased, the incomes of Russians fell, and unemployment increased.
Retail chains, food manufacturers, the Ministry of Industry and Trade and the Ministry of Agriculture signed a price stabilization agreement for sugar and sunflower oil. But in the Far East and Siberia, it is allowed to use increasing factors for pricing.
Russian Prime Minister Mikhail Mishustin signed a series of regulations to reduce food prices... President Vladimir Putin instructed to regulate the situation on the food market in Russia.