the head of the Russian grain Union (RGU) Arkady Zlochevsky said that the deficit of buckwheat does not threaten us. Stocks abound: have not had time to eat about 240 thousand tons of cereals. Product prices can and do fall. The March consumer agitation subsided and producers now a pointless perk cost: people have bought for the future and will no longer spend money on “Golden grain”. Meanwhile, to work at a loss, farmers will not, experts say. To recapture production costs for example, they reduce the volume of the produced goods and for 50 rubles will no longer sell a kilo of buckwheat, and a total of 850 grams, and already familiar to Russians “nines” of eggs will become “the eight”.
the head of the Russian grain Union (RGU) Arkady Zlochevsky assured that the deficit of buckwheat can’t be, because stocks abound. In fact, he once again confirmed that prices increased not because of actual scarcity of the product, but because of the excessive demand on the background of the pandemic.
from this Zlochevsky concludes that the price of cereals goes down: long the Russians will eat the buckwheat, which was stocked in March. Statistics, however, this optimism is not confirmed: while Rosstat continues to record its appreciation. From 7 to 13 April there was an increase in the cost of cereals on average by 2.8%, and in some regions by 5% or more. Obviously, the wave of panic buying continues to capture new corners of Russia.
by the end of the summer will be new crop grain. Estimated Zlochevsky, will gather around 130 million tonnes. This will be another deterrent to the growth of prices of cereals.
However, in the current reality even an excellent crop can not be saved from the mass rise in price of products, experts say. “Overall food inflation for the year can be high. After a sharp rise in prices of certain products in late March-early April, they are unlikely to return to pre-crisis values, — says a leading analyst of Forex Optimum Ivan kapustyasky. — Falling incomes will lead to the fact that a significant part of the funds people will have to pay only for food. The remaining costs will be reduced drastically”.
consumers in the mass, no money and manufacturers know this. This fact will curb the appetites of importers, distributors and retailers. But how many farmers will be able to operate at a loss and curb the rise in prices of goods? According to the Chairman of the Board of the International Confederation of societies of consumers Dmitry Ioannina, it is unlikely in the near future we will see a rise in prices for socially important food products. “To reduce costs, manufacturers will sacrifice the quality of its product. Expensive components are replaced by cheaper counterparts, he warns. — Another way of saving — reduction of mAssy packaging, as it was with “Devyatka” eggs. If the company sold 1 kg of cereals for 50 rubles, you will be given the same amount, only this time, for example, 850 gr.”
Experts believe that further development of the situation on the food market will be fundamentally depend on the measures of social support of the population. If financial assistance will reach the majority of the poor and those whose incomes have dramatically decreased because of the pandemic, then consumer demand will continue. However, if the crisis continues, and the state will receive a small number of citizens, the economic consequences for agriculture are very serious and the next victim coronavirus collapse will be agriculture and all food production.
“the Last money the people have taken to shopping centers in March. If you do not fill in financial stocks, the average check in shops, as well as volume of products will fall sharply, as people go into a mode of total savings on absolutely everything,” concluded Janine.
