Food with record prices for 5 years in Bulgaria

Published 2021년 3월 9일

Tridge summary

The article highlights the significant surge in food prices at record highs, as reported by the State Commission on Commodity Exchanges and Markets, with data showing a sharp increase in the wholesale prices of essential food items such as oil, rice, sugar, cheese, minced meat, and pork to the highest levels in the past five years. This trend is observed across a wide range of fruits, vegetables, and even specific items like cucumbers, cabbage, and oranges, which have seen the most dramatic price hikes. The rise in prices is primarily due to increased transportation and delivery costs, amidst lower demand brought about by the pandemic. Vladimir Ivanov from the State Commission attributes the price increase to both the pandemic's effect on demand and small variations in industrial costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The pandemic has inflated food prices. The value of most products has risen to record levels, according to data from the State Commission on Commodity Exchanges and Markets, quoted by Nova TV. At the beginning of March, wholesale prices for oil, rice, sugar, cheese, minced meat and pork rose the most. . The average prices of most of them are the highest for the last 5 years. In the case of fruits and vegetables and the most serious is the rise in cucumbers, cabbage and oranges. -19 on the prices on the stands. Increased for transportation and delivery costs. "We have a lower demand right now. The pandemic has had a negative impact on food demand. This leads to the fact that it is consumed exactly as needed. Excessive food consumption - ...
Source: Standartnews

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.