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Factors driving surge in Russian apple prices

Russia experiences a record 26% spike in fruit and vegetable prices (Sept 2023 vs. Sept 2022), led by apples. In wholesale, prices start at 0.45 EUR/kg, while retail prices soar to 1.23 EUR/kg, which is triple the cost. The top 3 federal districts with the highest retail prices are Far Eastern (2.11 EUR/kg), Siberian Federal District (1.5 EUR/kg), and Northwestern Federal District (1.41 EUR/kg). The cheapest apples, at 0.94 EUR/kg, are found in the Southern and North Caucasus Federal Districts.

Despite recent price declines, a 16% increase in apple costs since the year's start surpasses inflation. Reduced imports, a weaker currency, and increased domestic production contribute to the rise.

source: runews24.ru

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