UPDATE2: Watchdog sees no growth in dairy product prices from Nov 1 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE2: Watchdog sees no growth in dairy product prices from Nov 1

(Adds comments in last paragraph)

MOSCOW, Sep 30 (PRIME) -- RussiaТs Federal Service for Veterinary and Phytosanitary Oversight does not expect growth in prices for milk and dairy products from November 1 and on the contrary projects that production costs may decrease already in 2020, press secretary Yulia Melano told reporters on Monday.

УThe Federal Service for Veterinary and Phytosanitary Oversight is sure that the introduction of the final stage of the transition to electronic veterinary certification of livestock products will not affect the increase in milk prices. Moreover, the service expects a reduction in production costs already next year. This was the conclusion of analysts of the Federal Service for Veterinary and Phytosanitary Oversight who examined the implementation of the project in detail,Ф she said.

She also said that the share of counterfeit dairy products fell by 30Ц50% on certain positions in a number of Russian regions as a result of the electronic veterinary certification system.

Izvestia daily reported Monday citing the Moscow Chamber of Commerce and Industry that prices for dairy products in Russia may grow by 10% already in November due to the launch of two new control systems.

Russia plans to launch electronic veterinary certification for finished dairy products at the end of autumn, while an experiment on their labeling in production and in retail chains has already been launched this summer. The simultaneous launch of two goods control systems will create additional costs for the business, the daily said. As a result, customers may face rising prices in stores, a spokesperson for the Association of Retail Companies (ACORT) told Izvestia.

Both control systems are aimed at eliminating counterfeit from the sale, the daily said.

The ACORT and retailers doubt that the electronic verification system will help to solve the counterfeit problem and already asked the government to delay its introduction until the end of February 2020, when the labeling experiment is expected to be finished, but received no positive response.

Artyom Belov, head of RussiaТs National Dairy Producers Union, or Soyuzmoloko, told PRIME that a full-scale launch of the labeling system may raise production costs by 2.5Ц3%.

He also said the introduction of electronic veterinary certification for drinking milk from November 1 will not have an additional impact on prices.


30.09.2019 13:40
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 91.1458 +0.7371 26 jan
USD 74.8569 +0.4954 26 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1412.02 -0.44 18:50 25 jan
micex 3397.48 +0.43 18:50 25 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 216.66 +0.54 18:09 25 jan
lkoh 5709.50 -0.54 18:18 25 jan
rosn 494.75 +0.10 18:18 25 jan
sber 264.48 -1.41 18:07 25 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.4750 +0.3550 14:59 25 jan
USDTD 75.5200 +0.7925 17:44 25 jan