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. Last Updated: 07/27/2016

Watchdog to Probe 6 Top Milk Firms

The Federal Anti-Monopoly Service said Friday that it began investigating the nation's six biggest milk producers to determine whether they are attempting to monopolize the dairy industry.

Wimm-Bill-Dann, the country's biggest dairy producer, and five other companies that together control more than 60 percent of the dairy market are under investigation, the service said in a statement.

WBD will give the anti-monopoly service data for the past two years on the cost of raw milk and the price the company charges for the finished dairy products, spokeswoman Marina Kagan said.

"There is no problem at all" with providing the service with this and other information it has requested, she said. The cost of raw milk accounts for about 70 percent of the retail price of the company's dairy, Kagan said.

"Russia's dairy market is very competitive," Kagan said. Only 40 percent of the milk produced in the country is processed by large plants because many small dairy producers are still operating in the market, she said.