RUSSIA: Vodka minimum price to rise twice in 2014 - report
The minimum price of vodka in Russia is set to rise again next month
The Russian Government has confirmed details of further plans to raise the minimum price of vodka next year, according to reports.
From 1 January, a half-litre bottle of vodka will be sold for a minimum of RUB199 (US$6), up 17% from the current floor price of RUB170, Reuters reported late last week, citing a Government decree. The minimum price will then increase to RUB220 from August, the report said.
The Russian Government first unveiled plans to introduce a defacto minimum price on vodka in 2010, bolstered by higher duty rates for alcohol. The move is aimed at tackling alcoholism in the country.
Earlier this year, it emerged that vodka production in Russia had fallen in the first half of 2013 by around 30%.
The Future of the Spirits Market in Russia to 2017
The report presents detailed data on the Spirits consumption trends in Russia, historic and forecast consumption volume and value at market and category level, brand share, alcoholic strength, price s...read more
- Review of the Year 2014 - Part IV: Spirits
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part V: Wine
- just Five Years Ago - Belvedere Group's Bumpy Ride
- just the Ten - Editor's Viewpoints of 2014
- Belvédère to sell assets, streamline portfolio
- Campari to bag EUR19m with "non-core" assets sale
- Pernod agrees Caribe Cooler sale to Grupo Bepensa
- Pernod wins consent for Glenlivet upgrade
- Thailand pulls back from New Year alcohol ban