Russian fruit prices rose sharply, apple imports increased 1.8 times

Published 2024년 7월 17일

Tridge summary

Since early 2024, fruit prices in Russia have surged dramatically, with some fruits seeing increases of over 50%. Common fruits like apples, bananas, and oranges have experienced price hikes between 30% and 100%, driven by factors such as natural disasters, exchange rate fluctuations, and export restrictions. For example, apple prices rose by 30% to 159.8 rubles/kg due to drought and frost, while banana prices more than doubled from 62.99 rubles/kg in 2019 to 134.99 rubles/kg in 2024. By June 2024, raspberry prices hit 783 rubles/kg, cherries 486 rubles/kg, and strawberries 551 rubles/kg. This increase in domestic fruit prices has led to a rise in imports, with Russia importing 42,000 tons of apples in June, a 10% increase from May and 1.8 times more than the same period last year.

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

Original content

Since the beginning of 2024, the prices of various fruit products in Russia have generally risen, and the price increase of some fruits has even exceeded 50%. The price increase of common fruits such as apples, bananas, and oranges ranges from 30% to 100%, depending on the type of fruit, origin, season, and market supply and demand. The retail price of apples has risen by 30% in Russia to 159.8 rubles/kg. This increase is closely related to natural disasters such as drought and spring frost in parts of Russia. Bananas are one of the most popular fruits in Russia, but their prices have risen significantly in the past few years. According to data from research company NielsenIQ, the price of bananas has risen from 62.99 rubles/kg in 2019 to 134.99 rubles in 2024, an increase of more than one times. This increase is not only affected by the fluctuation of the ruble exchange rate, but also related to the export restrictions and production decline of major banana suppliers such as ...

Source: Foodmate