The Commission on State Regulation of Pricing under the Council of Ministers has agreed to increase prices for vegetable oil, the press service of MART said.
The cost of vegetable oil (except olive oil) is allowed to be increased by legal entities of all forms of ownership and individual entrepreneurs engaged in its production (import) and (or) sale to the domestic market in an amount not exceeding 15% of the prices as of February 28, 2021.
The specified price increase can be carried out until April 30.
The decision is due to the fact that the increase in world prices for vegetable oil, which in Belarus is a critical import, led to a significant increase in contract prices in March 2021 (by more than 20%). At the same time, prices for the main raw material (sunflower seeds) in March increased by 16.7%.
In 2020, Belarusian meat processors managed to increase the production of sausages and smoked meats due to the growth of domestic demand amid the coronavirus epidemic, as well as due to the favorable conjuncture of the Russian market.
2020 not only did not solve the problems of Belarus, but also added new ones. So, the expectations that next year it will be possible to get significant benefits due to lower energy prices, were not satisfied: the gas price remains at the level of 2020, and the oil price will even increase due to the tax maneuver in Russia. The question of the timing of the receipt of the second part of the Russian loan funds remains unresolved.
The US Congress approved the 2020 Bill of Belarusian Democracy, Human Rights and Sovereignty.
In January-September 2020, the GDP of Belarus amounted to BYN 106.6 billion, or in comparable prices 98.7% over the same period in 2019. In addition to the coronavirus epidemic and two currency crises, the main impact on the economic decline was made by the decrease in turnover in the petrochemistry and mechanical engineering.
Among other obvious factors, the protests in Belarus were the result of global changes in the economy. The old model, the tangible industrial one, is more and more moving aside, and it is being replaced by a new, information technology model generally known as postindustrial.