Russia: Lemons became the cheapest product of the year

Published 2021년 7월 27일

Tridge summary

In the first half of 2021, the retail prices for lemons and garlic in Russia significantly decreased by over 30% and 9%, respectively, compared to the same period in 2020. This price drop is attributed to a decrease in demand and supply chain issues experienced in 2020. Fueled by the initial panic about the pandemic, there was a surge in demand for these products, leading to price hikes and shortages. However, as the market adjusted and demand stabilized, prices have since dropped. Conversely, prices for other fruits, vegetables, and essential food items have generally increased. The decrease in lemons and garlic prices is part of a broader trend of adjusting market dynamics following the initial disruptions caused by the pandemic.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the spring of 2020, at the height of the pandemic, the markup for lemons reached 500%. Now the popular "antiviral" citrus, as well as garlic, turned out to be one of the few products that fell in price in the first half of the year.The average retail price for 1 kg of lemons in January-June 2021 decreased compared to the same period of 2020 by more than 30 %, RBC calculated based on Rosstat data. If at the end of the six months of 2020 it was 189.4 rubles. per 1 kg, then in this - already 131.9 rubles. No other food product prices have fallen so rapidly, according to calculations by RBC. Garlic also fell in retail prices in the first half of the year: the price fell by almost 10% - from 254.5 rubles. up to 229.6 rubles. for 1 kg. Over the past six months, prices in the category of fruits and vegetables in stores have increased on average, but lemons, limes and garlic are indeed one of the few products that show the opposite trend, RBC confirmed to the research company GfK, ...

Source: Kvedomosti