STUDY OF THE LAWS OF PRICES FOR FISH PRODUCTS IN THE RUSSIAN FEDERATION
Issue № 4, 2023, article № 2, pages 17-25
Section: Economic mechanism of managing
Original language title: ИССЛЕДОВАНИЕ ЗАКОНОМЕРНОСТЕЙ ЦЕН НА РЫБНЫЕ ПРОДУКТЫ В РОССИЙСКОЙ ФЕДЕРАЦИИ
Abstract: The purpose of the paper is to study the patterns of price formation for one of the basic types of food products - fish products. This will improve understanding of the impact of prices on a key element of food security - affordability. For analysis, we decompose price movements into basic components: trend volatility, explained by long-term factors, and short-term volatility, which goes beyond the fluctuations explained by the trend. The study showed that the increase in prices for fish products, which outstripped the general food inflation, led to a noticeable reduction in their consumption. This means that an important social goal of the fisheries activity, which is to ensure the availability of fish products, has not been achieved. Prices for fish products in the Russian Federation are not only growing at a rate that outpaces the general food inflation, but are also highly unstable, which can be interpreted as a threat to the country's food security. The study of the dynamics of prices for a mass fish product - frozen cut fish showed a close relationship between the demand (consumption) of this product and its price; cyclical price changes along with its exponential growth; an increase in the spread of price changes relative to the trend. These features are a serious challenge to food security. While the domestic fishery as a whole provides the country with fish products, the problem of low availability of fish for consumers has not yet been resolved.