News

Russians pay €1.43 for a kilo of bananas

Fresh Banana
Fruits
Russia
Market & Price Trends
Published Nov 30, 2023

Tridge summary

In October, the price of bananas in Russia reached 1.43 euros per kilogram due to the weakening of the ruble and higher purchasing costs from suppliers. The fall of the ruble against world currencies in 2023 affected imported goods prices, including bananas. Ecuador, Russia's main banana supplier, experienced decreased shipments in 2022, but exports are expected to remain at last year's levels in 2023. Despite a decline in wholesale prices, retail prices for bananas in Russia have not changed, and bananas remain a favorite fruit among Russian consumers.
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

In October of the year, banana prices in Russia shot up for the first time to 1.43 euros per kilogram, as reported by Rosstat. Experts attribute the increase to the weakening of the ruble and purchasing costs from suppliers. The fall of the ruble against world currencies in the summer of 2023 affected the prices of imported goods, including bananas. Ecuador, the main banana supplier to Russia, saw a reduction in shipments in 2022, but in 2023 exports will maintain last year's levels. Despite the decline ...
Source: AGF
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