Analysis

Diminishing Supplies & High Inflation fuels Wholesale Grape Prices to Soar

Fresh Grape
India
Published May 23, 2022
The wholesale price of fresh grape in Russia had skyrocketed to USD 1.23/kg in W3 of May-22, a 51.15% YoY increase from a year ago when the price stood at USD 0.81/kg. Low supply on the market caused by India's decreased export and high inflation reaching 16.69% annually, pushed the price high. The fall in prices of 19.6% WoW, from USD 1.53/kg in W2 of May to USD 1.23/kg, indicates a stabilization of the supply of fresh grapes on the market.
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