FAS to check pricing of 4 food products

The Federal Antimonopoly Service (FAS) of Russia has initiated an investigation into the pricing of four food products: sunflower oil, mayonnaise, margarine, and edible table salt. The investigation was prompted by significant price increases for these products between the start of the year and January 27. The FAS has issued 62 requests to manufacturers, asking for information on production volumes, sales, and cost prices. The investigation is in line with the Federal Law No. 135- "On the Protection of Competition", which prohibits companies in a dominant market position from setting monopolistically high prices. The FAS threatens to impose antitrust measures, such as large fines and operational cease-orders, against any violators found in the food market.

The Federal Antimonopoly Service (FAS) of Russia has begun an investigation into the validity of prices for four food products: sunflower oil, mayonnaise, margarine and edible table salt. This was reported by the regulator's press service. In particular, according to Rosstat, from the beginning of the year to January 27, the first of the products has risen in price the most - by 2.02 percent, margarine - by 1.48, and salt - by 1.41. A total of 62 requests were sent to manufacturers. The majority of them, 24, were addressed to mayonnaise manufacturers, 21 - margarine, 10 - butter and 7 - salt. Organizations must provide the service with information on the volumes of production and sales of products, as well as their cost price, wholesale prices and sales profitability. Which market participants are involved and in which regions they operate are not specified. The service reminded that companies occupying a dominant position in the market are obliged to comply with the ...