Information for fruit and vegetables business in CIS
Crimea: prices of Chinese cabbage down by 67% over a month
Prices of Chinese cabbage have been rapidly going down in Crimea: produce has become averagely 67% less expensive over a month, according to Fruit-Inform.
Sellers had to reduce their prices by another 25-33% over the past week, and now they vary between RUB 20-30/kg (USD 0.29-0.44/kg), depending on quality and shipment volume. For comparison, prices were not lower than RUB 30/kg in the end of last week.
As before, the Crimean market participants connect negative price trend with a seasonal rise in the supply of local Chinese cabbage in the peninsula. Meanwhile, sales rates are rather moderate (local wholesalers and retailers purchase produce in small quantities for their current sales), while Russian companies' demand is not high.
It should also be noted that current prices are averagely 30% lower year-on-year, and farmers expect prices to keep on decreasing in the nearest time.