In Russia, banana sales have decreased by 20% since the beginning of the year

Fresh Banana

Fruits

Russia

Market & Price Trends

Published Mar 20, 2024

Tridge summary

Banana sales in Russia have dropped by 20% in the first two months of 2021 compared to the same period in 2020, according to NielsenIQ. This unusual decrease in winter banana consumption is attributed to a significant increase in prices, which began in July 2020 and have continued to rise, reaching 155 rubles per kilogram this year. The price hike is due to a combination of factors including a fall in the ruble exchange rate, increased costs for fertilizers, transport, electricity, as well as climate change and diseases affecting banana trees.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Sales of bananas in Russian retail chains in the first two months of this year in physical terms decreased by 20 percent compared to the same period last year. RBC writes about this with reference to data from the research company NielsenIQ. In monetary terms, this is 18 percent higher. Exact figures for both values are not given. At the same time, the demand for this fruit has decreased more noticeably than for others. For example, no less popular apples, which are even included in the list of socially important foods, were bought by nine percent less year on year, but spending on them increased by 13.5. Other fruit sales and expenses were 10 percent less and 19 percent more, respectively. World food prices fell slightly in February - FAO Deputy Chairman of the Board of Rusprodsoyuz Dmitry Leonov noted that a decrease in banana consumption in winter is atypical. But this year, demand for them began to decline in the fall, and in the first two months of the season, sales of the ...

Source: Rosng