Bulgaria: Experts expect a 20% increase in the purchase prices of vegetables

Fresh Tomato

Fresh Cucumber

Fresh Bell Pepper

Bulgaria

Published Aug 5, 2022

Tridge summary

For the first three months of the year, the import of tomatoes decreased by 10%, cucumbers by 26%, and pepper by 1%. Import prices are rising significantly and reach 0.97 euro/kg for tomatoes (+66% on an annual basis) and 0.56 euro/kg for cucumbers (+50% for the year), experts from the Center for Economic Research in Agriculture note (CAPA).

Original content

For the first three months of the year, the import of tomatoes decreased by 10%, cucumbers by 26%, and pepper by 1%. Import prices rise noticeably and reach 0.97 EUR/kg for tomatoes (+66% on an annual basis) and 0.56 EUR/kg for cucumbers (+50% for the year), experts from the Center for Economic Research in Agriculture note (CAPA). At the same time, average purchase prices for tomatoes grew by 59% to BGN 2.15/kg, while for cucumbers the increase for the year was 38%, with purchase prices at BGN 2.56/kg. Wholesale and retail prices in July on an annual basis show high levels, and this is most noticeable for tomatoes. At retail, tomatoes are up by about 29%, and at wholesale by about 45%. Wholesale prices of pepper and cucumbers are higher than last year's by about 22%, analyzed by SARA. At the same time, the export price of tomatoes from Turkey, which is the largest importer of tomatoes in our country, for the first quarter rose by 18% to 0.89 US$/kg for the year, indicating that ...

Source: Agrozona