Many people remember that on that cold winter night, when Russia was facing huge pressure from inflation, people's hearts became heavy. The arrival of 2024 heralds another surge in food**. A letter from manufacturers and merchants, like frost in winter, announced that from the beginning of the new year, the price of various goods will be **5-22%. Wimm-Bill-Dann warns that dairy products** will grow by an average of 49%, and the ** of juice soared by 161%。This is just the beginning, with companies such as Ehrman, Moulton Partners, Nestle, Lubyatovo, Ritter Sport and Ferrero Rocher also announcing price increases, while the wholesale price of Agroimport's rice jumped by 22%.
The head of the Russian Department of Inland Transport, Ali Gabidurin, confirmed on that cold night that the cost of transportation was significant**, which directly affected the cargo**. He noted that from March to December 2023, the cost of transportation from Moscow to St. Petersburg increased by more than 50%**, amounting to a staggering amount of 70-100,000 rubles. For standard European trucks, the cost of transportation from Moscow to Kradar is about 50%;Almost 60% of the cost of transportation to Rostov-on-Don was raised**. This is not only the situation in Russia, but also the unfavorable factors in the world market. Drought in Brazil has led to a 42% increase in Robusta beansAnd India and Thailand had to close rice exports due to poor harvests, which directly affected the dependence of Russia and other countries on rice. On top of that, processing costs are also rising**, with milk processing costs increasing by 15% compared to last year. Even packaging costs are gradually climbing, with manufacturers spending an average of 11% more on packaging than a year ago.
In such a situation, food chains will not easily accept the manufacturer's proposal** adjustment. They said that each request for price adjustment will be carefully considered for up to 30 days. Some companies have said they will try to control ** through negotiations and extend the negotiation cycle to deal with the situation. Although the Ministry of Agriculture says it is in particular control of the situation, the dynamics of some non-domestically produced products are still affected by exchange rate changes.
This report highlights the multifaceted reasons for Russian food *** and the industry's response to it. It depicts a cold night in which people mimic the challenges of this volatile food market in the shadow of inflation.