Ruble plummets Russia's largest retailer raises tea and coffee prices by 25-30%

China Economic Network, Beijing, December 18-according to comprehensive Russian media news, Vladimir Rusanov, representative of Russia's largest retailer X5 Retail Group, said that retailers have begun to receive price adjustment notices from suppliers. The notice said that due to the collapse of the ruble, the supply price of imported liquor will be increased by 15-20%, and tea and coffee will be increased by 25-30%. "at present, we have only received notification from suppliers of the above-mentioned commodities, but not price adjustment notices for other categories of goods." He added that.

A source from a large tea supplier company told Russia's TASS news agency that due to the inability to agree on a price increase, it was proposed to suspend supply to the retail group. "for more than two months, we have been politely asking for a price increase." but they didn't agree. There is no way. We have decided to stop the supply from next week. "

However, Karl Pacheva, market liaison and business development manager of SDC Food, the exclusive distributor of British AHMAD TEA black tea in Russia, told the TASS news agency that they did not stop supplying but made the decision to raise the price. "at present, it is increased by 15-20%, because international tea auction transactions are settled in US dollars." She said.

It was also learned that yesterday, Maxim Kashlin, founder and chairman of Simple, Russia's largest spirits importer, told the TASS news agency that the company had made a request to its partners to fully consider the current situation and suspend supplies for two days. Kashilin said he hopes to resume supply after the 19th, but to a large extent it depends on the situation in the exchange rate market to make this decision.

Andre Karpov, executive director of the Association of Retail Trading companies, said that food prices in chain retail stores have risen by an average of 20-25 per cent in the coming year, according to Izvestia. Food and beverage prices in stores will continue to rise in January 2015, in the range of 14.5-15%.

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