The expert predicted a rise in prices for tea and coffee

Ramaz Chanturia, Director General of the Association of Tea and Coffee Producers Roschaykofe, in an interview with RIA News predicted an increase in prices for tea and coffee.

According to the expert, the prices for these products in stores may grow in proportion to the change in the dollar exchange rate in the near future, since the prices for their import to Russia are highly dependent on the exchange rate. However, he noted that for consumers it will not be so significant “due to the reduction of retailers’ markup and its differentiation for different price categories.”

“Against the background of the situation around Ukraine, coffee and tea producers began to demand 100% prepayment from Russian importers, and due to the increase in the exchange rate of foreign currencies, purchases for domestic companies became even more expensive,” Chanturia explained. He stressed that for the majority of Russian operators, this raises the issue of lack of working capital.

Chanturia believes supply disruptions will begin within two months unless retailers allow suppliers to raise prices, shorten payment deferral times and impose a one-month moratorium on fines for non-delivery for good reason.

Earlier, retailers and sausage producers in Russia spoke about a possible increase in meat prices, Kommersant writes. The business explains this forecast by supply disruptions and volatility in the foreign exchange markets. At the same time, the Ministry of Agriculture claims that there is enough meat on the Russian market to maintain stable prices.