The decision to introduce the excise tax on palm oil will be the most critical, said the consultant of consulting group “neo the Center” Andrey Zhikharev. “The scale of the use of palm oil is enormous: it is now almost impossible to find biscuits or waffles without palm oil. Curd snacks, cakes, candy, pies, cakes, dairy desserts and even chocolate — is not a complete list of products, which have almost no content without palm oil,” he says.
According to the representative of the holding “Solar products”, one of the largest in Russia manufacturers of margarine, the content of palm oil in margarine is 40-60%, and in the cost of bakery and confectionary industries the share of industrial Margarines and fats reaches 40%.
According to the world trade Center of Moscow, in 11 months of 2015 in Russia were imported palm oil and its fractions in $to 580.7 million, which is 1.5% less than in the same period of the previous year. According to Zhikhareva, the great popularity of this type of oil may explain the relatively low price: one ton costs $600, while the sunflower — more than $900.
Excise duties for palm oil will inevitably affect the price of confectionery products — it will grow at least by 10-15%, says the Executive Director of the Center for research confectionery market (CICR) Elizaveta Nikitin. Thus, according to Rosstat, kilogram of margarine in 2015 has risen 31.7% to 115,5 RUB.
According to the representative of “Solar products”, industry “cannot indefinitely suppress the growth of prices for raw materials, increasing their own efficiency.” Excise first perelazit on the shoulders of the enterprises, and eventually to the end customer, he said. Margarine, he said, will rise in price by 25%.
If they introduced the excise tax on carbonated beverages, this will lead to higher prices and, consequently, low sales, predicts the President of the Union of producers of soft drinks Dmitry Petrov. He could not indicate the expected increase in prices, because the possible rate of excise duty have not voiced.
According to international research firm Euromonitor International, sales of soda in Russia are already shrinking in real terms volume of Russian market last year, down 9.9%, to 4.05 billion liters, and in monetary terms amounted to 178,6 billion rubles. the Main producers of soda in Russia, according to Euromonitor, The Coca-Cola Company and PepsiCo occupy more than 60% of the market. They refused to comment.
The chips market, which are also called as contenders for the imposition of excise taxes, drops in volumes last two years — according to Euromonitor, by 0.5% in 2014 and 5% in 2015. According to the company, it is reduced because of lower incomes. Chips and soda are not necessities — consumers easily abandon them in the crisis, said the analyst of international research company “Nielsen Russia” Yuliya Chmyr.
On February 5, the newspaper Vedomosti reported that the Russian government is contemplating the introduction of excise taxes on “harmful” products, including palm oil, soda, electronic cigarettes and chips. Sources in the financial-economic bloc of the Cabinet told the newspaper that the idea is already supported by President Vladimir Putin. On the same day the Minister of agriculture and food Alexander Tkachev said that his Agency also supported this idea.
The next day the Minister of Finance Anton Siluanov said that the Finance Ministry proposes to impose the excise tax on “harmful” products from the second half of 2016. Source TASS in the financial-economic bloc led assessment that the introduction of excise tax on soda at the rate of 20% of the cost of the product will bring to the budget additional income of 600 million rubles a year.