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No food price hikes expected in Russia

10.03.2020, 13:38
The Russian Ministry of Agriculture does not expect an increase in prices for the main food products against the backdrop of the weakening ruble. Prices for certain goods may increase, TASS reports.
No food price hikes expected in Russia
YEREVAN, March 10. /ARKA/. The Russian Ministry of Agriculture does not expect an increase in prices for the main food products against the backdrop of the weakening ruble. Prices for certain goods may increase, TASS reports.

The Ministry of Agriculture of Russia does not expect price increases for the main categories of food," said the official representative of the ministry.

He added that at the same time, a slight increase in prices is possible for products that, due to natural conditions, are not produced in the territory of the Russian Federation.

According to the Ministry of Agriculture, the share of the imports in domestic products is insignificant. It said the main import  goods for the spring campaign have already been purchased.

The Russian ruble fell to its weakest level since early 2016 trading on Tuesday morning at 72.99 versus the greenback, while the euro was 85.00 rubles, weakest since late February 2016. -0-