FAS: price hikes for products because of measures against Turkey is not expected

FAS: price hikes for products because of measures against Turkey is not expected


Those price changes that are now taking place, are seasonal and are associated with the traditional increase in demand before the new year holidays, said the Deputy head of the FAS Andrey Tsyganov. Measures against Turkey are not the cause of price fluctuations, he said.

MOSCOW, 14 Jan. The Federal Antimonopoly service of the Russian Federation did not record spikes in food prices early in the year in connection with the entered against Turkey’s special economic measures in the future also does not expect them, said Deputy head of FAS Andrey Tsyganov.

Russia imposed a series of economic restrictions against Turkey, whose air force on 24 November brought down a Russian su-24 bomber. From 1 January 2016 the Russian Federation prohibits the importation from Turkey of certain products, including, in particular, included chicken, tomatoes, onions, cauliflower, cucumbers, oranges and tangerines, grapes, apples, pears, peaches, plums and strawberries.

“No jumps,” said Tsyganov, answering the question whether there had been any price hikes in relation to restrictive measures against Turkey. On the eve of Rosstat has published the data on inflation in Russia from 1 to January 11 — a price increase during the Christmas holidays was 0.3%, with the growth of prices for vegetables and fruits amounted to an average of 2.6%.

“We believe that those price changes that are now taking place, first of all, are seasonal, second, are associated with the traditional increase in demand before Christmas. It is clear that all the economists and experts say that the restrictions for one country led to an increase in the prices of export goods from that country occurred. But I think that no one now undertakes to determine what is the weight of these constraints in the growth of prices, which inevitably occurs, for example on tomatoes, January-February,” said Tsyganov.

According to him, in the future, the FAS also expects no strong price hikes for food products. “I think that at least the experience of last year showed that some crazy excesses cannot be, as there are no economic preconditions,” he said.

“We’re scaring the buckwheat, salt, cabbage, but cabbage is less because it is not enough in the winter,” he said.

According to Tsyganov, the program on development of agro-industrial complex is working quite well. “And not only in such known directions, as the production of poultry or pork, but also in terms of the greenhouse soil. The problem with vegetables is solvable, maybe not today or tomorrow, but solved due to the major investments in production capacity. That is some huge problem I don’t see things,” said Tsyganov.