Friday, August 27, 2010

FAS Hopes to Suppress Price Increases for Food Staples

Reacting to growing media reports of price increases for staples such as flour, bread and milk, the FAS noted signs of price gouging for these everyday products.  Despite Russia’s national drought, the FAS announced there was currently no grounds for price growth in these socially important food markets, and warned that it would impose "heavy sanctions" on any party believed to be engaging in opportunistic price collusion or gouging.

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