In Russia, rising prices for imported pears


In Russia, rising prices for imported pears

02/27/2020

Prices for imported pears have always been significantly higher than for Russian products

In winter, imported products traditionally prevail in the pear market in Russia, analysts at EastFruit report. The main countries supplying pears during this period are Argentina, Belgium and the Netherlands. At the same time, it is worth noting that prices for imported pears have always been significantly higher than for domestic products. And today, prices for imported pears continue to rise.

According to market operators, the main incentive to maintain fairly high prices in this segment is the increased demand for these fruits and the low yield of pears in most EU countries and the countries of the Southern Hemisphere this season.

So, today the imported pear on the Russian market is offered for sale at a price of 114-150 rubles / kg ($ 1.74-2.29 / kg), which is on average 14% more expensive than at the end of the last working week.

See also: Russia reduced pear imports in 2019, but remains the world’s largest importer

According to market participants, several factors influenced the price increase. Firstly, the stocks of pears in the countries that traditionally supply these products to the Russian market in the winter are already coming to an end, and therefore there are often problems with acquiring the required volumes of these fruits. Secondly, fluctuations in exchange rates remain important.

It is worth noting that at the moment, the imported pear in Russia is already on average 15% more expensive than at the end of February last year. At the same time, the increase in prices in this segment does not please suppliers of imported products at all, since the consumption of pears in Russia will fall rapidly as they rise in price. Importers believe that further appreciation of these fruits may lead to a sharp drop in the volume of pear imports to Russia.

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