Russia: "Rusprodsoyuz" does not expect a shortage of tangerines for the New Year

Published 2024년 11월 16일

Tridge summary

Russia is set to avoid a tangerine shortage for New Year despite a potential decrease in imports from Turkey, the primary supplier, as other countries like Egypt, Morocco, South Africa, and China can make up the shortfall. However, tangerine prices in Russia have been rising, with a recent 12.9% increase over the year due to factors such as the exchange rate, logistics costs, and retail markups. The price hike has been particularly sharp in the past week, with a 4.9% increase, leading to concerns about the affordability of the fruit.

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Original content

No shortage of tangerines is expected in Russia for the New Year. If imports from Turkey are reduced, the lost volumes may be replaced by supplies from other countries, Dmitry Leonov, deputy chairman of the board of the Rusprodsoyuz association, told TASS. "We do not expect a shortage of tangerines this year. If imports from Turkey are reduced, the lost volumes may be replaced by supplies from other suppliers," he said. As the expert said, Turkey is the main supplier of this type of citrus, accounting for more than 50% of Russia's total imports. In January-June 2024, tangerine supplies from this country amounted to 207.76 thousand tons, which is 3% higher than last year's volume. "Since November, tangerines from Egypt and Morocco have also begun to enter the Russian market. Tangerines from South Africa, China and other countries are also present on the market," Leonov added. "Tangerines are imported products that are purchased by retail chains for foreign currency under direct ...

Source: Kvedomosti