Watchdog: Russian chains to limit markup on chicken eggs up to 5%

MOSCOW, Dec 11 (PRIME) -- Several major Russian retailers have supported a proposal to limit the markup on all chicken eggs at no more than 5%, a spokesperson for the Federal Antimonopoly Service said late on December 8.

“The Federal Antimonopoly Service suggested that retailers to consider limiting the markup on all chicken eggs at the level of no more than 5% as a temporary measure,” the person said.

“Retail chain “Verny” supported the service's proposal: markups for purchases at tenders are already limited, the issue of a similar limitation for purchases under long-term supply contracts is being worked out,” the person added.

In 2023, the prices for eggs and chicken meat rose on the background of a significant increase in demand, so the service is implementing a number of measures to stabilize the situation.

The Federal Service for Veterinary and Phytosanitary Oversight allowed supplies of eggs from 17 more enterprises in Turkey from December 8. Earlier, the watchdog allowed imports of eggs from four Turkish enterprises.

CEO of the Russian Poultry Farmers' Union Sergei Lakhtyukhov told reporters that the output of poultry products in the country’s will grow in 2023, and due to the expansion of state support measures, the increase in volumes is expected in 2024 too.

End