- Russian imports of 1.2 billion eggs will be exempt from duty for the first six months of 2024
- The exemption is aimed at helping to rein in prices as some shops run low on supplies
- Egg prices have risen more than 40% this year and some Moscow supermarkets have empty egg shelves
- The measure will apply from Jan. 1 to June 30 and imports can be sourced from “friendly countries”
- Imported supplies are expected to help stabilize prices
- Russia has been dealing with high inflation and egg prices have risen 42.4% this year
- Shoppers in Belgorod queued for eggs at a market where they were cheaper than in supermarkets
- Some residents have been hoarding eggs and selling them at higher prices, but officials assure there is no shortage of supply
- Egg production fell 1.3% year-on-year in October, potentially due to consumers switching from chicken to eggs as a source of protein
- The General Prosecutor’s Office has pledged to curb unjustified price increases
Source: reuters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
