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Russian Retailers Warned Of Price Hike For Products From Multiple Vendors Featured

20 August 2015

Soon price increases will affect vegetables, fruits, berries as well as baked goods, alcohol and household chemicals.

The Russian food retailer Dixy's management has already received a notification, warning of a price increase of about 10 percent. Similarly, the retailer Auchan received several similar announcements from its suppliers.

The newspaper Izvestia, which was the first to publish this information, also reported that the causes behind such increases are because of a growth in the exchange rate, which affects the final cost of products with a high turnover and products for which the raw materials are not native to Russia, or their number is very small.

Development Director of the trade group of Food Manufacturers and Suppliers Association (Rusprodsoyuz) Dmitri Vostrikov, said that a significant price rise will not be seen immediately because many retailers were able to form reserves by buying up products in advance.

FruitNews article (Russian): http://www.fruitnews.ru/home-page/vegetables/44162-ritejlerov-predupredili-o-predstoyashchem-povyshenii-tsen-na-produktsiyu-mnogikh-postavshchikov.html

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