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Are fruit and vegetables to blame for the dramatic inflation growth in Russia and Ukraine?
Ukraine
Thursday 11 October 2007
Are fruit and vegetables to blame for the dramatically increased inflation in Russia and Ukraine? The analysts of "Agrooglyad: Fruits and Vegetables" weekly tried to answer this question. It seems strange, but in general the prices for fruit and vegetables have increased the most sharply exactly in Ukraine which enjoys more favorable conditions for fruit & vegetable production. And, we forecast that Ukraine will purchase carrot, cabbage and possibly other vegetables in Russia in the winter period. As of today, just potato does not go expensive comparing to the previous year as the only product among those which do not belong to fruit group. Although, the prices for potato have not dramatically declined - this product is just 10% cheaper. At the same time, the prices for cabbage increased 73%, for onion - 26%, for carrot - 81%, for champignon - 25%; the prices increased 2.5 times for capsicum and tomato, 2.3 times for cucumber, 70% for table beet, and 2.7 times for eggplant.
The situation is much better in sweet (fruit & berry) group; however, the winter perspectives do not sound too impressive. Water-melon sales season turned out to be very short this year; as of today, water-melons are sold 2.7 times as more expensive than in the previous year. The prices for melon have increased 60% since the previous year. At the same time, the wholesale prices for grape declined 10%, because the production of this berry increased in Ukraine. The retail prices for the imported table grape were also lower than a year ago, as a result. The same trends were observed for peach and other seasonal fruits; their production also increased this season comparing to the poor yield of 2006. Strawberry prices were lower during the harvesting season too, if compared to the previous year.
The prices for apples and pears are 5-10% lower at the present moment than in 2006; however, to the analysts' opinion, the prices for this product will increase quite dynamically starting from December. The prices for bananas continue increasing: this product is 77% more expensive now than at the same period of time past year. The prices for lemons have increased 25%. But, the prices for oranges and tangerines have declined 4-8%.
www.lol.org.ua
The situation is much better in sweet (fruit & berry) group; however, the winter perspectives do not sound too impressive. Water-melon sales season turned out to be very short this year; as of today, water-melons are sold 2.7 times as more expensive than in the previous year. The prices for melon have increased 60% since the previous year. At the same time, the wholesale prices for grape declined 10%, because the production of this berry increased in Ukraine. The retail prices for the imported table grape were also lower than a year ago, as a result. The same trends were observed for peach and other seasonal fruits; their production also increased this season comparing to the poor yield of 2006. Strawberry prices were lower during the harvesting season too, if compared to the previous year.
The prices for apples and pears are 5-10% lower at the present moment than in 2006; however, to the analysts' opinion, the prices for this product will increase quite dynamically starting from December. The prices for bananas continue increasing: this product is 77% more expensive now than at the same period of time past year. The prices for lemons have increased 25%. But, the prices for oranges and tangerines have declined 4-8%.
www.lol.org.ua
