Russia Begins Butter Imports from UAE and Turkey Amid Rising Prices
Source: interfax
Russia has begun actively purchasing butter from the UAE, with 90 tons of product imported as of November 2, 2024. According to the Federal Service for Veterinary and Phytosanitary Supervision (Rosselkhoznadzor), these are the first-ever butter shipments from the UAE to Russia.
Additionally, butter imports from Turkey began in late October. Between October 20-29, 20 tons of butter were imported. Overall, from the beginning of 2024 through October 29, Russia imported 112,300 tons of butter, which is 9% more than during the same period last year.
The increase in imports is linked to a significant rise in domestic butter prices. According to Rosstat data, prices for the product increased by 25.7% from the beginning of the year through October 28. This price surge has raised concerns among authorities, and price stabilization became one of the main topics at meetings chaired by Deputy Prime Minister Dmitry Patrushev. In response to the situation, authorities ordered daily monitoring of the food market and called for immediate measures to prevent further price increases.
One potential step to reduce prices was Russia's proposal to the Eurasian Economic Commission (EEC) to introduce a tariff concession for importing up to 30,000 tons of butter. Currently, the base import duty on butter is 15%, but not less than 0.22 euros per kg.
According to Rosselkhoznadzor, the register of foreign suppliers includes 116 butter manufacturers, of which 97 companies from 11 countries have made deliveries in 2024.
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The increase in imports is linked to a significant rise in domestic butter prices. According to Rosstat data, prices for the product increased by 25.7% from the beginning of the year through October 28. This price surge has raised concerns among authorities, and price stabilization became one of the main topics at meetings chaired by Deputy Prime Minister Dmitry Patrushev. In response to the situation, authorities ordered daily monitoring of the food market and called for immediate measures to prevent further price increases.
One potential step to reduce prices was Russia's proposal to the Eurasian Economic Commission (EEC) to introduce a tariff concession for importing up to 30,000 tons of butter. Currently, the base import duty on butter is 15%, but not less than 0.22 euros per kg.
According to Rosselkhoznadzor, the register of foreign suppliers includes 116 butter manufacturers, of which 97 companies from 11 countries have made deliveries in 2024.
Would you like me to provide any clarification about specific aspects of the translation?
