Since the beginning of last week, the demand for mandarins has noticeably increased in Russia, report analysts of EastFruit project citing market participants.
According to project experts, an increase in the demand for these fruits by Russian wholesale companies and resellers is traditionally observed from late November to mid-January. Due to this, Russian importers have already managed to increase the price of mandarins, despite a seasonal increase in the supply from Turkey. Another factor behind the rise in the price of mandarins in the Russian market is the fluctuations in the currency market.
So, over the course of the week, the price of mandarins in the Russian market has risen by an average of 25%. Fruit traders are currently selling them for between 65 and 160 rubles / kg ($ 1.02-2.50 / kg), depending on the quality and country of origin.
According to traders, the highest prices have been reached by Moroccan mandarins, while the cheapest have been those from Turkey.
It is worth noting that at the end of November 2018, the price of mandarins in Russia was on average 45% lower than today. Project experts explain that such a noticeable increase in prices is due to a significant devaluation of the ruble against the dollar. A year earlier, traders offered mandarins for no more than 50 rubles / kg ($ 0.78 / kg).