In August-September, Russian product manufacturers plan to increase purchasing prices for retailers by 5-40 percent. This was reported by “Kommersant”.
“High inflation, expensive loans, rising logistics, personnel, packaging and raw material costs have led to a new major revision in food manufacturers’ purchasing prices for retailers,” the publication notes.
According to the source, such an increase in activity of manufacturers is not associated with the season, and is not typical either. Confectionery manufacturers Mars and Ritter Sport have already warned about the upcoming price increase. Also “Dymka” and “Slavyanka”, dairy products “Wimm-Bill-Dann”, Viola, “Ekomilk” and Health & Nutrition (formerly Danone), “Milkom”, “Piskarevsky Dairy Plant” will become more expensive, and bread ” Loaf”. The price increase will also affect beer beverages Baltika and AB InBev Efes.
As stated by Dmitry Leonov, Deputy Chairman of the Board of Directors of the Rusprodsoyuz Association, the planned price increase is due to the increase in production costs, the increase in the price of raw materials, as well as the increase in the price of logistics, labor and material and technical resources.
The validity of manufacturers’ intentions to raise prices is already being tested, Kommersant writes, citing the words of Igor Karavaev, the head of AKORT (uniting large retail chains).
Russians before It has been said About the consequences of rising vodka prices.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.