The anticipated price rise for dairy products in Russia is expected to reach about 5 percent in September, driven by a mix of influencing factors. This projection comes from a radio interview on Komsomolskaya Pravda, where Marina Petrova, the CEO of Petrova Five Consulting, outlined the contributing dynamics guiding the market move.
Petrova identified several major drivers behind the trend. Global increases in raw material costs, shifts in the central bank’s policy rate, and ongoing personnel shortages are cited as the primary pressures on dairy pricing. Beyond these main forces, there are additional influences shaping the cost landscape.
Among the secondary factors, Petrova pointed to rising logistics expenses. The production of dairy goods depends on a chain that includes feed, fuels, and lubricants, along with the machinery used in agriculture. While some inputs are sourced domestically, others come from international suppliers, including seeds, adding to expense volatility.
Packaging costs also climbed, contributing to the overall price level for dairy products. Sanctions have forced producers to seek alternate materials and routes, which required extra resources and effort to secure suitable packaging during the supply shift.
Petrova described the overall food production scene as multifactorial. While the situation is delicate, she notes that no single factor may dominate the cost picture, with several elements contributing in tandem to the final outcome. The cumulative effect is a complex balance rather than a single decisive trigger.
Meanwhile, US Vice President Kamala Harris recently urged consideration of a federal ban on steep food price surges. Should such a policy move pass, it would come with mechanisms to penalize firms that breach price rules while providing stronger support to small food businesses. The potential policy shift is part of a broader dialogue about food affordability and market stability in North America and beyond.
In related economic news, inflation in Russia has shown signs of slowing, a factor that interacts with both domestic supply conditions and international price pressures in shaping the domestic dairy market outlook.