The mayor of the Russian Federation: food imports this year will continue to rise

Not more than one third of the import of agricultural products and food products from Western countries that fall under the ban on the importation into the Russian Federation, until the end of the current year will be able to be replaced by supplies from other countries, which threatens to accelerate the increase in food prices in Russia, according to the updated forecast of the Ministry of economic development for this year and years 2015-2017.

" it is planned that in the 2nd half of 2014, Not more than 30% of projected imports, fell under the sentence, will be replaced by imports from other countries, this Assumes further growth of prices for imported food products, " - said in a document posted on the Internet office of the Ministry on the results of consideration of the report on the meeting of the government.

in the end, the ban on the importation into the Russian Federation of certain types of agricultural products, raw materials and food from countries that have imposed penalties concerning Russia, and also with regard to the reduction of import deliveries from Ukraine assessment of import items in 2014 is reduced by fifteen billion dollars - up to 317 billion, and among them, the imports of food items 2, 3 billion dollars.

in physical terms, the imports will be reduced, according to the analysis of economic development, 8, 2% (instead of decrease by 4% from previous forecast). For years 2015-2017 assessment of the cost volume of merchandise imports decreased by 13 to 17 billion dollars to 325-342 billion dollars a year.

Import restrictions and the reduction rate of the ruble has already made a negative contribution to inflation, indicate in the Ministry of economic development: in the last month of summer growth of food prices in annual terms accelerated to 10, 3% 6, 6% in the beginning of the year.

" Since the second half of August, food inflation accelerated after the introduction of penalties, which limited the growth of imports of some products, most animal products. Because of the imbalance markets and reduce price competition the prices will continue in the background seasonal reduction proposals protein products, " according to the Ministry.


sections: Politics