-

Current Outcome of Food Prices Regulation

Denis S. Ternovskiy – Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Doctor of Economic Sciences, Associate Professor (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

Key words: food products, price regulation of food products, global food prices, export duties.