May frosts in Russia may lead to a higher share of imported cherries on the market - AKORT

Published 2024년 5월 31일

Tridge summary

Igor Karavaev, chairman of the Association of Retail Trade Companies (AKORT) in Russia, has forecasted that the cherry market will see higher prices and a larger share of imported cherries due to May frosts and bad weather conditions. The price fluctuations for other seasonal berries and stone fruits will largely depend on the weather. The peach and nectarine season has started earlier and seen a 20% decrease in price compared to last year, while Turkish apricots are more expensive due to smaller volumes. Imported apples and pears have been dominating retail chains since the start of the year, primarily from Turkey, China, Moldova, Chile, South Africa, Serbia, Lebanon, Argentina, and Brazil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Frosts in Russia in May and bad weather conditions this year will likely lead to a higher share of imported cherries remaining on the market, Igor Karavaev, chairman of the presidium of the Association of Retail Trade Companies (AKORT, unites the largest Russian retailers), told TASS. “The cherry season has not yet begun, the first deliveries are coming to the Russian market from Uzbekistan, and deliveries from Turkey, Serbia, Azerbaijan, Moldova and Russian orchards are also expected in the next two weeks. Due to the May frosts and bad weather this year, most likely “, a higher share of imported cherries will remain on the market, and the price for them will be higher than last year, at least by the inflation rate,” Karavaev said. In general, he said, the situation with prices for seasonal berries and stone fruits will largely depend on the weather. “Traditionally, prices decrease at the peak of the season, from the second half to the end of June. The exception is apples, which ...
Source: Kvedomosti

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.