Analysts of the EastFruit project citing market participants report that the increase in the supply of early cabbage in the Russian Federation has caused prices to fall more rapidly. Russian producers are already offering these products at much cheaper prices than at the beginning of last summer.
At the moment, growers are ready to ship white cabbage from a new harvest at a price of 4-10 rubles / kg ($ 0.06-0.15 / kg), which is on average 18% cheaper than at the end of the previous working week.
According to Russian producers, heavy rains in the south of the country have already had a detrimental effect on the quality of early cabbage, which is why the share of substandard products on the market has increased, which in turn puts significant pressure on the prices of better products. It is worth noting that a number of wholesale companies and retail chains have already started to refuse purchasing white cabbage from the 2020 crop based on its low quality standards.
It is worth noting that at the moment the price of early cabbage in Russia is already on average 37% lower than in the same period last year. According to market operators, the price of early cabbage could continue to fall, since the volume offered is increasing every day, and the sales rate in this segment remains at an extremely low level.