Current Outcome of Food Prices Regulation

Текущие результаты регулирования цен на продовольствие

Ternovskiy Denis
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Ternovskiy Denis: The Russian Presidential Academy of National Economy and Public Administration
Authors registered in the RePEc Author Service: Denis Ternovsky

Russian Economic Development, 2021, issue 2, 46-50

Abstract: Direct regulation of prices on vegetable oil, sugar and bread has helped to stop their growth, however it has not resulted in stopping food inflation as a whole. Restrictive measures on wheat exports have led to world prices growth but when put into effect they can reduce prices for the consumers on the domestic market. Offered mechanism for revenue shortfall compensation for the agricultural producers will reimburse direct losses from the introduction of duties but not losses incurred from price reduction on the domestic market.

Keywords: food products; price regulation of food products; global food prices; export duties (search for similar items in EconPapers)
Date: 2021
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