FAS Reviews Poultry and Beef Prices
Producers must provide information on production volumes and sales, retail prices, full cost of production, and sales profitability for poultry meat and beef. It is clarified that producers are required to report the reasons for the increase in wholesale and retail prices since the beginning of this year.
Consensus
- FAS is evaluating the justification for increases in wholesale prices for poultry and beef.
- Major producers of poultry and beef have been requested to provide data on production volumes, sales, wholesale prices, cost structures, and profitability.
- Producers must explain the reasons for price increases since the beginning of the year.
- FAS may take antimonopoly measures if justified by the analysis.
- The investigation was initiated on August 12.
Points of divergence
- FAS previously uncovered collusion between 'Russian Standard' bank and two insurance companies, leading to a case being opened for antimonopoly law violations. — vm
- Consumer prices have risen by 4.69% since the beginning of the year, with annual inflation at 6.05% as of August 10. — kommersant
- Consumer prices in Russia decreased by 0.06% from August 4 to 10, while chicken meat prices rose by 0.4% over the same week. — vedomosti
- On April 13, FAS sent requests to packaging material producers following a complaint from the National Meat Processing Union about a sharp price increase. — vedomosti
Coverage (6 sources)
- FAS began checking prices on beef and poultry meat at major producers — Вечерняя Москва
- FAS will check the rise in prices on poultry and beef — Коммерсантъ
- FAS of Russia assesses the justification for raising wholesale and retail prices by major producers of poultry and beef meat. — ТАСС (Telegram)
- FAS will check prices on poultry and beef — Ведомости
- The Antimonopoly Committee will assess the justification for price increases by meat producers — Вести
- FAS will check prices on poultry and beef. — РИА Новости (Telegram)