Nestle’s Russian division, which produces animal feed, warned its partners about rising sales prices. writes about this RBC.
The cost of Purina One, Gourmet and Darling brand wet food for cats and dogs will increase by 4% in wholesale sales, and Purina One cat and dog food will increase by 1% to 10%. Felix dry cat food will become 6.4-8% more expensive wholesale.
The price of dry food Pro Plan for dogs and cats will increase from 1% to 12%, and the price of wet food will increase by 1.5%. Pro Plan’s veterinary products for cats will become 4-12% more expensive for dry food and 9.7% more expensive for wet food. The increase in dog food prices in this category will be up to 10 percent for dry food and 7 percent for wet food.
Nestle explained the increase in prices due to changes in the cost of feed. The company noted that raw material purchase prices will increase by 11-25% in 2023. Additionally, logistics (+30% y/y) and packaging (+8%) have become more expensive.
Previously reportedIt was stated that the Russian government agreed with the manufacturers to freeze the prices of packaging cardboard.