The Russian Ministry of Agriculture does not anticipate a sharp jump in food retail prices for the New Year table, as reported by TASS citing the ministry’s press service.
The ministry notes that the food market traditionally sees higher retail prices during the winter holidays due to a rising demand for products.
The message clarifies that The Russian Ministry of Agriculture does not expect prices to rise significantly beyond average long term fluctuations.
As evidence, the department points to Rosstat data showing cattle production for slaughter in agricultural enterprises from January through October up by 7.6 percent. The ministry assesses that this uptick in production has helped keep price movements in this market fairly stable.
On November 24, Russians were warned that red caviar prices would edge up by about 10 percent in the run up to New Year’s Eve, with price increases already observed. Alexander Savelyev, head of the Fisheries Information Agency, noted that the rise began slowly. Source: TASS.
Earlier information indicated that the November breakfast index, commonly referred to as the Sandwich index, had increased by 3.9 points. Source: Rosstat data.
In summary, analysts emphasize that the seasonal demand cycle tends to push some food categories upward at year end, yet the official outlook remains one of cautious stability rather than dramatic price growth. Market observers also highlight that ongoing agricultural output supporting cattle fattening and supplies across major retail channels helps temper price volatility in the broader food sector. The relevant statistical agencies and the ministry continue to monitor price signals across staple foods and luxury items alike, aiming to align supply with consumer demand during a period of heightened seasonal activity. Source: Rosstat and the Fisheries Information Agency.
Industry analysts suggest that households planning festive meals should expect typical seasonal fluctuations rather than a sudden price surge, with the overall trajectory staying within long term historical norms. The ministry’s current assessment aligns with Rosstat indicators showing steady production trends and with market behavior observed over recent months. Source: Ministry of Agriculture, Rosstat, Fisheries Information Agency.