Price growth for oranges and bananas continues in Ukraine

The monitoring of wholesale prices of fruit&vegetable market, conducted by the experts of "Agrooglyad: Vegetables and Fruits" project, informs about the preserved trend of price growth for bananas and oranges on Ukrainian market. The prices for these popular fruits have increased in average 6% during recent 7 days.

According to Andriy Yarmak, the head of "Agrooglyad: Vegetables and Fruits" project, the price growth for banana is an inertial consequence of the more expensive purchases in Ecuador done by the importers several weeks ago. The expert says, at the present moment banana price situation has stabilized in Ecuador; the prices for bananas have even insignificantly declined in recent week. We can hope for banana prices to stabilize soon on Ukrainian and Russian markets too. Nevertheless, the prices for bananas are significantly higher at the present moment than a year ago; yet, there is no perspective for dramatic price decrease now.

To the analysts' opinion, the prices for orange are increasing partially because of the forecasted production and exports decline, observed in Morocco. Also, a certain vacuum is formed on Ukrainian market now because of the fact that oranges have not been supplied already from the Southern hemisphere and oranges from Turkey and Morocco have not entered the markets yet. But, the supplies of tangerine from Turkey are starting right now, so that the prices are going down.

We'd like to remind that the record harvest of tangerine is expected this year in Georgia - the producers have already started to harvest this fruit there. The sorting-packing lines for tangerine, installed this year, let Georgia plan supplies of really quality products this season to the markets of Ukraine and EU countries. We provide all importers with a unique opportunity to meet with all leading suppliers of Georgian tangerine and even to see with your own eyes the process of sorting, waxing and packing of tangerines on one of the leading enterprises of the country in the framework of the first forum and business tour "Fruits and Vegetables of Caucasus 2007" to be held on the 27th-29th of November 2007 in Tbilisi and Batumi.

Source: lol.org.ua

Publication date: 11/5/2007