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Authorities Decided To Freeze Prices Of Several Types Of Goods

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Authorities Decided To Freeze Prices Of Several Types Of Goods

The regime cannot curb the inflation.

Officials will freeze the prices of some imported vegetables and fruits, as well as some domestic sorts of cheese. This was reported by the MART press service. Zerkalo.io tells which specific products the authorities have focused on.

The the prices of the goods that are controlled by the authorities

The MART reports that Belarus is going to introduce a special scheme for setting prices for some fruit - fresh white cabbage, onions, beets, carrots, potatoes and apples. The Ministry specifies that these are the items that had not been imported into Belarus before January 1, this year. Also, a special procedure for setting prices for domestic hard and semi-hard cheese is introduced.

The Ministry of Agriculture explains that they limit the selling prices of imported fruits and vegetables, as well as prices of producers of hard and semi-hard cheeses. The authorities also established a ceiling on maximum wholesale and retail surcharges on these items. The ministry specifies that these products are subject to restrictions which were introduced last December for socially important goods by the decree № 79.

This document limits the marginal profitability for importers and producers: it should not exceed 10% of the profitability for January-November 2021. This decree also approved the maximum importer's surcharges, as well as the maximum wholesale and trade surcharges, taking into account the wholesale surcharge. They are limited to a range of 15-30% depending on the commodity.

As for hard and semi-hard cheeses, the regulation specifies that price limits apply to cheese made of cow's milk, rennet

hard and semi-hard cheese by weight and packed (except for

extra-hard, melted, smoked, cream cheese, brine cheese, cheese products

products).

Why they could impose a price restriction?

State regulation of prices for vegetables was introduced against the background that they were at the top of the list of the rising of their prices in 2021. These are fresh white cabbage, onions, beets, carrots and potatoes.

The issue of skyrocketing prices for domestic vegetables has been raised repeatedly. However, the government has not yet managed to resolve the issue of skyrocketing vegetable prices.

As for cheese, it is possible that the introduction of state regulation of its prices may be linked to the growth of its imports from Russia, as well as with the counter-sanctions imposed by Minsk against Western countries. We remind you that the authorities imposed restrictions on imports of milk and dairy products into our country. Cheese was one of the main items of dairy products we imported.

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