Banana prices in Uzbekistan down 18% over past two weeks

The average wholesale banana prices in Uzbekistan have decreased by 18% over the past two weeks and the current levels are the lowest if compared to the same dates in 2021 and 2020.

The average wholesale prices for bananas decreased from 17,000 to 14,000 UZS/kg (from $1.6 to 1.3) from January 7 to January 21, 2022, i.e. by 18%. The current levels of wholesale prices are much lower compared to those on the same date in previous years.

As of January 21, 2022, the average wholesale banana prices in Uzbekistan are 22% lower than on the same date in 2021 and 13% lower than in 2020.

The main factor in such dynamics of banana prices in Uzbekistan is the elimination of customs duties on their imports. In October 2021, the government of the country decided to stimulate the imports of a number of fruits, exempting them from import duties. Banana was also included in the list. As a result, the reduction in import duties allowed the country’s consumers to buy this product not grown in Uzbekistan at a much lower price.

Source: east-fruit.com


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