Russian family dem dey face butter shortage as Putin dey put defense spending for front

Russian butter price dey rise as e plenty shortage dey cause pipo to dey steal for supermarket.

For latest wahala wey dey hit Vladimir Putin, price of one block butter don rise by one quarter since last year, according to official statistics, e don pass inflation rate wey be 8.6pc.

Widespread sanctions don make price of plenty goods and services dey rise as Russian president dey prioritize defense spending to fund im war for Ukraine.

Steep price wey don rise for di past year don make supermarkets increase security measure bicos shoplifting don increase.

Russian media dey report say some retailers don start to put blocks of butter inside plastic containers to stop thieves.

Russia central bank don warn dis month say prices fit still dey rise.

“Prices for dairy products, especially butter, still dey rise faster for September.”

Di cost pressure still dey affect prices for dis category of goods, wey dey happen for di whole cattle breeding sector, dem talk for report wey dem write about consumer prices.

Di country dey struggle to find new supply routes to make up for wartime shortages, and dem dey import plenty of di product from United Arab Emirates (UAE) and Turkey.

Food shortage and high price don make plenty pipo for Russia vex.

One year ago, Mr Putin apologize afta one pensioner talk am for public say di price of egg don rise more than 50% since 2022, wen Russia first invade Ukraine.

Di price of toothpaste don go up 45%, and car price don rise more than 40%, according to Russian central bank data.

But on di oda hand, di price of buckwheat, wey be staple food for Russia, don drop 30% since Russia invade, wey give some small relief for families.

Analysis wey Russia central bank publish show say for di year wey end for September, di fastest inflation wey dem record na for Bisacodyl, medicine wey pipo dey use as laxative to treat constipation.

Prices for di drug don more than double over di past year.

Historical butter shortage don dey make headlines for oda countries, like Norway for 2011 and France for 2017.

For both cases, di desire to protect di local market or fix prices backfire wen bad weadir cause shortage.

Dis lead to “smør-panik” or butter panic for Norway as prices shoot up pass £30 and wetin dem call “crise de beurre” for France as producers choose to export dia supplies instead of selling am for di cheaper, fixed prices, wey lead to empty shelves.

Why butter price dey rise

One week before dat meeting, di same union talk say di country no dey experience butter shortage but dem add say about 25% of local butter wey pipo dey use come from foreign suppliers.

Plenty of di imports before come from countries for Latin America, wey don reduce dem butter shipment from 25,000 tons to 2,800 tons yearly bicos of Western sanctions on Moscow.

Anoda major dairy supplier wey dey follow wartime sanctions, New Zealand, dey sell $88.8 million worth of butter to Russia yearly before di invasion start.

To fill di butter gap, Moscow don dey turn to friendly countries like Turkey and di United Arab Emirates, wey before dey supply only about 90 tons yearly to Russia.

Di price wahala dey continue as Russia dey push im economy more into weapons manufacturing to maintain di invasion of Ukraine, wey don turn into serious war of attrition for manpower and equipment.

Russia dey expect to spend $140 billion on im defense industry for 2024 and up to $145 billion for 2025, or 6.3% of im GDP.

Dat fit bring more bad news for Russian consumers, as economists dey expect more tax increase beyond di reforms wey dem don announce for 2025 to keep up with military spending.

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook