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Russian ingredient prices rise

by 5m Editor
18 February 2005, at 12:00am

RUSSIA - Prices for a number of key food ingredients in Russia have risen in January and February, according to a recent survey, and supply difficulties are expected to keep costs high for the foreseeable future, reports Angela Drujinina. The latest review of ingredient prices by Vremea & Co, wholesalers of natural food ingredients, shows that ascorbic acid – widely used as a vitamin supplement in foods and beverages - is one of the very few products to have registered a decline in prices, both in Russia and the rest of the world. Vremea said that prices for citric acid in Russia had remained stable at around $1.4-1.95 per kilo, although there was “an upwards trend due to an increase in freight costs”. The company also warned that the price would likely increase in the spring due to the seasonal increase in demand. The ingredient is widely used as an acidulant in soft drinks. Prices for other ingredients – guar gum, sorbic acid and sodium erythorbate - will increase, according to Vremea. Guar gum, a thickener and stabiliser used in ice cream, baked goods and beverages, has become more expensive because of a poor guar harvest in India, bad crops of guara tree, which grows in India. The cost is now around $1.9-2.00 per kilo. <i>Source: www.cee-foodindustry.com</i>

5m Editor