The peak of prices for potatoes in Russia was passed last week, now there is a decrease in wholesale prices among farmers, and by the end of the week they may decrease even more, Chairman of the Potato Union Sergey Lupekhin told reporters.
“The peak of prices for potatoes was passed last week, at the moment we are seeing a decrease in wholesale prices for agricultural producers to 25 rubles per kilogram and we expect an even larger correction to 20 rubles per kilogram by the end of the week,” Lupekhin said.
According to him, the rapid decline in wholesale prices is due to the fact that the new crop of Krasnodar potatoes began to enter the market. As the supply increases, he continued, the consumer price will also begin to fall.
“At the same time, the buyer may not immediately notice the change in prices on the shelves in retail chains, since the retail has accumulated stocks of more expensive imported potatoes, but in the markets the fall will occur faster,” added the chairman of the union.
Rosstat on Wednesday published data on the consumer price index in Russia from June 16 to 21. According to the statistics department, prices for fruits and vegetables in the country increased by an average of 1,5% over the week, while potatoes rose by 6,77%. Since the beginning of the year on June 21, the cost of potatoes has almost doubled - by 94,42%.