Beer and low-alcohol beverage manufacturers will increase prices of their products in the fall. This was reported by “Fontanka”.
The publication writes that from September 1, two of the three largest Russian producers – Baltika Brewing Company LLC and AB InBev Efes JSC – will increase their sales prices. According to it, the producers plan to present new price lists for their products in the near future. The wholesale cost of Baltika beverages will increase by about 10%, the publication notes.
The publication emphasizes that the biggest price increase will be experienced by AB InBev Efes in foreign brands. For example, it is stated that the cost of Efes and Bud beer brands will increase by 17 percent, Hoegaarden by 15 percent, Velkopopovicky Kozel by 12 percent, and the prices of other items by 5-10 percent.
Before this in Russia recorded increase in beer sales. Consumption of this drink in the country increased by 4.8% in the first half of the year. This dynamic is also connected with the recovery of sales of imported products. So, for June in the Russian Federation increased Beer purchases from abroad increased by 18% annually.
Previously reported About the decline in beer production in the EU.
What are you thinking?
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.