Wholesale prices for wheat flour in Russia in February rose by another 6% to 18,039 RUR / ton ($ 280.22), according to Rosstat. In particular, the premium flour has risen in price by 6.5% to 18,634 RUR / ton ($ 289.46), first grade - by 3.5% to 16,245 RUR / ton ($ 252.35). In March, the price of wheat flour of the highest grade in the European part of Russia exceeded the level of 20,000 RUR ($ 310.68) and amounted to 20,245 RUR / ton, $ 314.49 (including VAT 10%) by March 22, which is 51% more than the same indicator on this date last year follows from the ProZerno analytical company data.
At the beginning of 2019, grain processing companies began to warn about rising prices for their products against the background of a rise in prices for raw materials. According to the executive director of Rusprodsoyuz, Dmitry Vostrikov, the most vulnerable in retail are products in which raw materials account for the bulk of production costs (bakery products - about 30%, flour confectionery - up to 50%, macaroni - up to 80%). However, according to Dmitry Vostrikov, many companies this season have already compensated for the rise in prices for raw materials.
Source: agroinvestor.ru.
