There are currently record high prices being paid for vegetables in Russia. Most of vegetables have risen in price by 1,5 to 2 times compared to last year and have set new records for September, when, as a rule, supply of vegetables exceeds demand on the market.
In June, prices for carrots and beets in Russia reached unprecedented levels. Still, although most of the potatoes and vegetables of the so-called ‘borsch set’ have already been harvested, prices are record high and continue to rise.
“Last week, carrot prices jumped by 22% at once, and the price for potatoes increased by 8%. The summer drought followed by rains, when the produce had to be harvested, affected both volumes and quality of the grown produce. Market participants fear that there will not be enough high-quality potatoes and vegetables that can be stored until spring. The second factor influencing the rise in prices is the continued rains that delay the harvesting of potatoes, carrots and beets. Accordingly, the supply is not as high as it could be at this time,” Andriy Yarmak, economist at the Investment Centre of the Food and Agriculture Organization of the United Nations told east-fruit.com.
