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Russian Ag Official Says Not To Fear Product Price Increases, Even As Major Country-Exporter Banned From Market Featured

04 December 2015
Despite reports and announcements made by specialists and mass media regarding anticipated price increases on vegetables and fruits following sanctions against Turkish food products, Russia's head of the Ministry of Agriculture, Alexander Tkachev, is confident that the newest challenge will not lead to a spike in food costs.
“Replacing tomato, zucchini and eggplant supplies will not affect prices due to an increase in volumes of imports provided by other countries and increasing our own production,” Tkachev said, adding that Turkish tomatoes and eggplants make up just 10 percent of the demand. According to the official, the list of prohibited items includes products that are not critical for the Russian market and items that might be fully replaced in the near future by other country suppliers. It will not affect the pricing and the close of imports of seasonal peaches, apricots, cherries and strawberries, he said. Retailers will have enough time to find new partners before the start of the next season. Turkish food items that authorities did not prohibit include figs, hazelnuts, lettuce and herbs. FruitNews article (Russian): http://www.fruitnews.ru/home-page/vegetables/45111-tkachev-vyrazil-uverennost-v-otsutstvii-skachkov-tsen-posle-zapreta-importa-iz-turtsii.htmlSource: http://tass.ru/ekonomika/2489480

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