Information for fruit and vegetables business in CIS
Apple price hike leads to sharp increase in citrus and banana consumption in Ukraine
According to analysts of Fruit-Inform Project, apple price hike during first months of 2011 led to increase of consumer demand for imported citrus and bananas.
“Our estimates show that in January-March 2011 banana, orange, and mandarin consumption grew by 35-45% that approximately corresponds to decrease percentage in apple consumption”, Andriy Yarmak, Head of Fruit-Inform Project, says. Generally, according to expert's assessments, in view of unprecedented price growth in the country, fresh produce consumption has decreased averagely by 3-5% in Ukraine.
More detailed information about Ukraine's fruit and vegetable production and price prospects in the new season will be available in the fundamental study: “Fruit and Vegetable Market of Ukraine-2011: Fundamental Investigation of the Season's Results and Forecasts for the Following Season”, which is to be completed already in early May.