How much is pork?
Source: http://www.robertamsterdam.com/2009/06/how_much_is_pork.htmPosted on Thursday, June 25th, 2009 | In Market Commentary, Russia
One would think that with the confusing ban on U.S. pork imports, that Russia wasn’t really concerned with food supply or prices. But with this news from the Moscow Times, I think Homer Simpson will be booking a ticket immediately. Perhaps these high prices reflect the rising interest in swine sports…
“How much is pork?” Putin asked astounded store attendants, Interfax reported.
Seeing
a price tag of 335 rubles ($11) and consulting a pricing table that
listed the item’s purchase price as 160 rubles, Putin’s calculation
yielded an unhappy result.“This is double the price. Is that normal?” the prime minister asked Yury Kobaladze, the managing director of X5.
“Is 120 percent a high markup?” Kobaladze asked.
“Very high,” Putin said.
“It will be lowered tomorrow,” Kobaladze said.
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 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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