Russian food stamps to help push poultry consumption
Russian meat and poultry producers have asked the government to allocate Rub800 billion ($ 11 billion) for a food stamps programme. The idea is to support demand for the remainder of 2020 for multiple products, including poultry meat and eggs to mitigate the effects of the continuing Covid-19 epidemic.
The food stamp programme would not only support consumers, whose buying power shrank, but would also improve demand for the products of Russian-origin.
The Russian industry said the food stamps would save jobs and improve operations of food suppliers. Russia’s biggest broiler meat producer Cherkizovo supported the proposal. The food stamps programme could expand the turnover, and this would encourage companies to launch new production facilities, create new workplaces and increase tax payments, Sergey Mikhailov, general director of Cherkizovo said. “The social and economic conditions in the country are complicated with the Covid-19 epidemic,” Mikhailov added.
Read full article Share on twitter