This is no longer a cake: companies warned of the risk of rising prices of sweets

Confectionery prices in the next six months could increase by 5 to 7%, Izvestia told Moscow commercial and industrial room. It will happen because of the fact that palm oil importers have lost 10% of preferential VAT. Soon, companies will pay a value-added tax of 20%, which will affect the price of raw materials, which are actively used in the confectionery and oil and grease industry, and relies on the badociations concerned. As a result, more expensive and goods in the stores.

Commodity prices for confectionery products could rise, said Ekaterina Nesterova, executive director of the Association of Fat Producers and Consumers in Izvestia.

– Pure palm oil is not used in the confectionery industry, it produces fat for various purposes, including margarine and spreads. They are used in the manufacture of sweets, dairy products, etc.. – she said.

Because of In case of VAT increase, the cost of raw materials can increase up to 10% depending on the palm oil content.

Ekaterina Nesterova

Executive Director of the Association of Producers and Consumers of Oil-based Products and Grease

At the end of July, the State Duma adopted at last reading, at third reading, a draft law on the deprivation of preferential VAT of palm oil of 10%. The document will come into force no earlier than 1 October.

Amendments to the tax code, it was decided to because of a large number of complaints about poor quality products containing palm oil. The measure is expected to reduce the volume of counterfeit goods in the dairy market in the first place. The budget will receive 4.5 to 5 billion additional rubles, which can be sent to support domestic milk producers, the Duma said.

According to Ekaterina Nesterova, in practice, the VAT on palm oil will increase in about six months. The fact is that the government will have to make amendments to Resolution No. 908, which contains information on imported goods, which are subject to preferential VAT. Now, palm oil (a category of vegetable oils) appears in this document, but it will need to be removed.

The rising costs of confectionery products will depend on the price policy of palm oil suppliers, as well as manufacturers of confectionery fats.

They are used to make candies.

"If, with the increase in the VAT rate, oil and fat suppliers increase the prices of their products, then it will be difficult for confectionery companies to stay in their financial models," he said. said Vyacheslav Lashmankin, executive director of the Association of confectionery companies "Ascond", Izvestia. – Finding a complete replacement for palm oil is problematic, to the extent possible.

In "Asconde", they found that bakers around the world were actively working with him because, by its nature, it has a semi-solid structure, does not require hydrogenation (transformation of liquid oil in solid) and is an alternative to trans fats. In addition, palm oil has a neutral taste and odor, which allows pastry chefs to create unique multi-layered aromas and flavors when making candy toppings.

Marina Petrova, vice chairman of the committee of the Chamber of Commerce and Industry of Moscow for the development of entrepreneurship in the agro-industrial sector, told Izvestia that palm oil was used actively in the confectionery industry. If the cost of the raw material increases, the price of the goods on the shelves will also increase.

"Depending on the product category, the price of the products will increase by 5 to 7%," she said.

For the moment vegetable fats are the least expensive, so it will be almost impossible to replace them with badogues. Animal fats, such as dairy products, are more expensive and are not always available to manufacturers.

Marina Petrova

Deputy head of the MCCI commission on the development of the spirit of enterprise in the AIC

Mikhail Maltsev, Executive Director of the Fat-Fat Union, believes that the price of products will increase by 5%.

– The VAT increase to 20% will lead to the diversion of working capital from companies – importers of products. As a result, it will affect its value, he said.

Alexander Baturin, Head of Research Area "Optimum Nutrition" of FITS Nutrition, Biotechnology and Food Safety, told Izvestia that palm oil was not dangerous to the human body. Although, if it is consumed excessively, cholesterol levels can increase, which will increase the risk of developing cardiovascular diseases.

But the expert added that the risks are related to excessive consumption of all fatty foods, including milk, butter and pork.

Palm oil is also used in the production of dairy products, fast food, snacks, margarine and various semi-finished products. In addition, it is used in the cosmetics industry for the production of creams, soaps and shampoos. Obviously, these categories of products are also becoming more expensive.

In Press service FAS "Izvestia" said that the markets for finished products made from palm oil are mainly very competitive. Prices are influenced by supply and demand. Change the cost of manufacturing products – not a decisive factor. To a greater extent, this affects the profits of manufacturers. In this case, the cost of production because of the increase in costs will increase proportionally to the share of raw materials in its structure.

The Ministry of Agriculture has not responded to Izvestia's request for price developments for products containing palm oil.

Evgenia Pertseva