The head of the Russian Ministry of Agriculture, Dmitry Patrushev, emphasized to reporters that the government possesses a broad toolkit to curb food inflation, which remains modest across the Russian Federation, according to DEA News. He outlined a range of measures designed to stabilize prices and ensure reliable supplies, highlighting the government’s capacity to respond quickly to shifts in the market.
Patrushev pointed to the use of customs and tariff policies as a means to influence price levels, while also noting actions within the grain intervention fund framework. He explained that targeted support would be channeled to specific sub-sectors of agriculture to shore up supply chains and maintain steady production. In his view, such instruments collectively give the state the ability to dampen volatility in food costs and safeguard consumers from sudden spikes.
The minister also referenced anticipated declines in meat prices driven by seasonal patterns, predicting a softening in the late August to early September period as demand aligns with harvest rhythms. He reassured observers that the current state of the country’s food market remains stable, with production activity continuing to rise, including in the meat segment. This outlook aligns with recent indicators suggesting improved farm output and favorable weather conditions supporting livestock and crop yields alike, according to coverage from DEA News.
A final note from the industry briefing indicated that the latest shipping developments, including ships previously covered under the grain agreement, have progressed from the Black Sea corridor. This development is being viewed in context with ongoing adjustments to trade flows and storage dynamics that influence domestic pricing and availability, as reported by DEA News.