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Annual Report 2019

Rusagro announces signing of agreements to fix sugar and bottled oil prices

16.12.20

President and Prime Minister of Russia initiated agreements to fix sugar and bottled sunflower oil prices. Agreements were signed on 16 December, 2020 among large federal retail chains, producers, Ministry of Agriculture, Ministry of Industry and Trade and industry unions. Rusagro joined these agreements.

Agreements fix bottled sunflower oil prices at the level not exceeding 110 RUB/liters including VAT in retail and 95 RUB/liters including VAT at the plant. Sugar price has been fixed at the level not exceeding 46 RUB/kg including VAT in retail and 36 RUB/kg including VAT at the plant for sugar in bags. Prices should be aligned with these price limits before 20 December 2020. Signed agreements will be in force until 1 April, 2021.

 

On Thursday, 17 December at 16:00 Moscow time Rusagro is hosting a web-conference to discuss latest news and invites to join the event. Working language is Russian.

The call will be hosted by:

Maxim Basov, CEO of Rusagro

Svetlana Kuznetsova, Head of Investments of Rusagro

Please note, that will use Zoom to hold the conference call. To ensure that the call is seamless, please make sure you have the latest version of the Zoom client installed on your computer, tablet or mobile device you intend to use to join the conference. If you would like to ask questions, please make sure you use your full name and company name, so that the meeting host could easily identify you.

Connect to Zoom Conference:

https://us02web.zoom.us/j/89345375949?pwd=a3cwVWF3ODB3M3hDQnh6bWtpMFVDZz09

Conference ID: 893 4537 5949

Password: 741976

Phone connections are also available (listen-only). The list of available local phone numbers are available here: https://us02web.zoom.us/u/kscJRNWOW