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Retail chains – ACORT
members represent about 25%
of the market of retail trade



Press-room / Press Releases / Chairman of ACORT Presidium Ilya Yakubson described how the Russian food retail solves the issues of import substitution and prices stabilization
09.02.2015

Chairman of ACORT Presidium Ilya Yakubson described how the Russian food retail solves the issues of import substitution and prices stabilization

On February 9, in Moscow, the News Agency TASS held the press conference dedicated to the half-year from the date of introduction of the country's special economic measures against imported products. Ilya Yakubson, the Chairman of ACORT Presidium, at the press conference in his speech reported that the substitution of fallen assortment in retail was successfully held. The ration of Russians a little changed, but it did not become poor. The share of Russian products on the shelves of the chain stores has increased from 1-2 to 10 percent depending on the trade network format since the food embargo introduction.

Retailers have taken all possible steps, carried out regional and at the Federal level purchasing sessions in the search for new suppliers according to the Chairman of ACORT Presidium. "However, all that could be found in the necessary volume and quality by Russian producers was also purchased prior to the embargo, and not so much of new proposals. It takes time and investment on the formation of import-substituting production," he commented.

Upon starting the topic about food prices increase in the recent months Ilya Yakubson said: "State and society expect from retailers and producers the price stability. Retail, at least the civilized retail, aware of its social mission in the society and the economy. It attempts to as before to perform the role of restraining inflation factor. Each trade network within ACORT and individually develops its own models of behavior, demonstrating the market's constructive attitude".

Concluding his speech the Chairman of ACORT Presidium stated that DIXY network freezes the basic food basket prices from February 9 which composed of grains, flour, fish, butter, pasta, and even pelemeni. And at the same time for a specific list of goods the company declares a moratorium on the margin increase which will be from 0 to 15%. Ilya Yakubson proposed to make the next step by producers and trade jointly.


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