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Retail prices for bread, flour and all bakery goods jumped up by 20-30 percent this morning at all shops of the Jewish Autonomous Region
Retail prices for bread, flour and all bakery goods jumped up by 20-30 percent this morning at all shops of the Jewish Autonomous Region, Itar-Tass learnt at the regional administration. Price hikes were prodded by a considerable rise (up to 40 percent) in wholesale prices for flour, supplied to the region from the Altai Territory and Siberia. The report on this vigorous price surge followed a day after the Russian Grain Union published a forecast on an expected increase in bread prices in the country by 20 percent by the year-end. The union president Arkady Zlochevsky told the press in Moscow that this was caused by a double increase in the grain price – up to 200 US dollars per one tonne. According to the statement by the union president who noted that “the change in the price was not caused by our shortage which has not taken place and will not be, but by the rise in grain demand in the world market”. Russian companies prefer to export grain crops. Local authorities in other Russian regions take measures to prevent bread price hikes. For instance the Irkutsk Region allocates 5,000 tonnes of grain from the stabilisation fund. This will be enough for two months till the new crop. The Ulyanovsk Region keeps bread prices under control for the time being. The governor’s press service promised that bread prices would not go up any more in 2007. To stabilise the situation with bread prices, speaker of the Federation Council upper chamber Sergei Mironov proposed imposing a state regulation for the cost of staple foods.
Print Retail prices for bread, flour and all bakery goods jumped up by 20-30 percent this morning at all shops of the Jewish Autonomous Region Bookmark Retail prices for bread, flour and all bakery goods jumped up by 20-30 percent this morning at all shops of the Jewish Autonomous Region

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