Record increase of ginger prices in Bulgarian market

In Bulgaria, prices showed some slight upward fluctuations in May, but generally remain at the same levels reached in April .

Exceptions are reported for fruits and vegetables, as the seasonal factor remains the main driver for rising prices. This has been shown in a study by CITUB, carried out by the Institute for Social and Trade Union Research (ISSI), on the dynamics of prices of 31 food and non-food products in 26 regional centers.

Compared to the price levels before the state of emergency (declared in March 1, 2020), there have been increases in all monitored goods, with the exception of cucumbers and tomatoes.

Significantly more drastic increases have been observed in the following groups:

1. Fruits - Over the last two months, there have been consistent increases in this group. In the period from March to May, the cumulative growth stands at 32.5% for apples, up to 46.2% for lemons and up to 25% for oranges. These increases are due to seasonal factors and fall within the usual parameters.

2. Vegetables - In vegetables, the trends are different and also determined by the seasonal nature of the products. A 3.5% decrease was reported for tomatoes, compared to early March, and cucumber prices saw a 15.2% drop. Meanwhile, ginger achieved a record 100.7% growth, garlic prices grew by 46.1% and carrots became 27.7% more expensive. In May, the prices of ginger and garlic remained at similar levels to those recorded in April, when they reached record highs without sufficiently substantiated arguments for this increase.

 

Source: news.bg


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