20.08.2026, 09:28
The FAS reported on agreements of 47 regions to curb sugar prices
Source: OREANDA-NEWS
OREANDA-NEWS The authorities of 47 Russian regions have concluded agreements with businesses to curb sugar prices, the Izvestia newspaper reports, citing the FAS.
"In 47 Russian regions, the authorities have concluded agreements with businesses to curb sugar prices," the newspaper writes, citing agency data.
The FAS press service added that the agency regularly analyzes prices for socially important essential foodstuffs, including sugar, and continues to interact with the largest federal retail chains on the development of responsible pricing practices to increase the availability of such goods to citizens.
In addition, as the FAS press service informed the publication, currently, at the suggestion of the agency, the X5, Magnit, Auchan, Atak, Dixy, Bristol and Maria Ra retail chains comply with voluntary obligations to limit up to 5-10% margins on individual items. sugar. The Service also notes the effectiveness of Russian sugar exchange trading, which has reached more than 90,000 tons since the beginning of the year.
The Ministry of Agriculture told Izvestia that Russia does not import raw sugar and white sugar, meaning that price changes on the world market do not affect domestic conditions. At the same time, the price increase was recognized there, but the reasons for it are seen solely in seasonality.
"The demand for sugar from the population and food industry traditionally increases during the summer period. As the volume of sugar beet processing of the new crop increases, the supply will increase, which will traditionally affect lower prices," the ministry added.
They also drew attention to the fact that despite the increase in retail prices, they have decreased by 9% in wholesale since the beginning of August. At the same time, there is no sugar shortage in Russia, the ministry noted. According to the ministry, such volumes are sufficient both to cover domestic demand and to realize export potential. In the first half of this year, sugar production increased by 15.5%.
Sugar exchange prices in the world on Tuesday updated the record of last May, according to data from ICE Futures. They rose by 4%.
"In 47 Russian regions, the authorities have concluded agreements with businesses to curb sugar prices," the newspaper writes, citing agency data.
The FAS press service added that the agency regularly analyzes prices for socially important essential foodstuffs, including sugar, and continues to interact with the largest federal retail chains on the development of responsible pricing practices to increase the availability of such goods to citizens.
In addition, as the FAS press service informed the publication, currently, at the suggestion of the agency, the X5, Magnit, Auchan, Atak, Dixy, Bristol and Maria Ra retail chains comply with voluntary obligations to limit up to 5-10% margins on individual items. sugar. The Service also notes the effectiveness of Russian sugar exchange trading, which has reached more than 90,000 tons since the beginning of the year.
The Ministry of Agriculture told Izvestia that Russia does not import raw sugar and white sugar, meaning that price changes on the world market do not affect domestic conditions. At the same time, the price increase was recognized there, but the reasons for it are seen solely in seasonality.
"The demand for sugar from the population and food industry traditionally increases during the summer period. As the volume of sugar beet processing of the new crop increases, the supply will increase, which will traditionally affect lower prices," the ministry added.
They also drew attention to the fact that despite the increase in retail prices, they have decreased by 9% in wholesale since the beginning of August. At the same time, there is no sugar shortage in Russia, the ministry noted. According to the ministry, such volumes are sufficient both to cover domestic demand and to realize export potential. In the first half of this year, sugar production increased by 15.5%.
Sugar exchange prices in the world on Tuesday updated the record of last May, according to data from ICE Futures. They rose by 4%.
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