Fazer's Russian division warns of bread price hikes of up to 30%
The Russian division of Fazer Group, one of the largest producers of bakery products, has warned partners about price increases for its products, RBC reports, citing a letter from Fazer LLC Sales Director Anatoly Brener. From February 1, 2022, Fazer will increase selling prices by 16.5% to 30% depending on the category, and if contractors refuse to accept the new prices, the company “will not be able to guarantee 100% fulfillment of orders at prices valid before February 1,” the letter says.