Information for fruit and vegetables business in CIS
Growth of prices for fruits and vegetables in Ukraine significantly slower in October 2010 than in 2009.
Fruit and vegetable index of Fruit-Inform shows that cost of fruit and vegetable basket of a Ukrainian consumer grew by 8% within October 2010. Whereas, within October of the last year, the same set of fruits and vegetables increased in price by 25%.
As to analysts of Fruit-Inform, decrease of seasonal growth of prices for fruits and vegetables is explained with prices to have reached very high levels already in August-September. Due to this fact, their further growth was difficult. As a result, notwithstanding even slower rates of growth in October, cost of fruit and vegetable basket of a Ukrainian consumer as of November 2010 was higher by 38% than as of the same period of 2009.
We may also note that, during the last year, a significant contribution to growth of prices was made by flu panic, resulted in sharp increase of demand for citrus fruits and price hike for them.
We would like to remind you that the detailed fruit and vegetable production and price forecast for 2011 will be announced in course of work of the seventh international conference ”Vegetables and Fruit of Ukraine-2010”. This event will traditionally gather all leading experts and major enterprises of the sector and is to take place at “Ekspotsentr Ukrainy”, Kiev, on December 1-2, 2010.