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

Published 2024년 11월 18일

Tridge summary

Russia is not expected to experience a tangerine shortage for the New Year, even if imports from Turkey decrease, as supplies from countries such as Egypt, Morocco, China, South Africa, Pakistan, and Georgia will make up for the shortfall. Turkey is the primary supplier of tangerines to Russia, accounting for over 50% of imports. The prices of tangerines in Russia are influenced by the exchange rate, logistics costs, and retail markup. Experts predict that tangerine prices in Russia should decrease closer to the New Year due to an increase in supplies from countries like Turkey, Morocco, and Egypt.

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

Original content

If imports from Turkey are reduced, the lost volumes may be replaced by supplies from other countries A shortage of tangerines in Russia is not expected for the New Year. If their 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. As the expert said, Turkey is the main supplier of these citrus fruits, 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. “There are also tangerines from South Africa, China and other countries on the market,” Leonov added. “Tangerines are imported products that are purchased by retail chains for foreign currency under direct contracts and brought into the Russian Federation. ...

Source: Specagro