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Buckwheat prices are expected to rise in 2024 • Russia today Posting in CHAT: Russia January 19, 2024, 16:21 Head of the Association of Experts Karpov: prices for buckwheat will increase in 2024 RIA Novosti Read 360tv in Rosstat included eggs, tomatoes and pears in the list of the most expensive goods in 2023. High demand and low supply, as well as rising export prices for fruits and vegetables, played a role in the sharp increase. This was stated by the President of the Russian Association of Retail Market Experts Andrey Karpov. He did not rule out that buckwheat prices will rise this year. Large reserves will force farmers to reduce the number of crops, and if demand increases, grain prices will rise. The interlocutor noted that each group of goods included by Rosstat in the list of those that have become more expensive must be considered separately. The prerequisites for raising prices are different. “For eggs, this is due to the fact that demand exceeded the supply generated in the market. Prices rose throughout the year, but the main rise occurred in the fourth quarter. Now there is a decline in prices for these products. But supply has not yet recovered to the required volume. Therefore, we can say that demand has decreased,” Karpov said. RIA Novosti he could not assess how events will develop this year, explaining that everything depends on the market. If supply becomes sufficient, then a new rise in prices can be avoided. For example, he cited the situation with cereals. Rice prices also increased inside Russia last year because farmers exported half of the required volume. Buckwheat is in the lower price range of recent prices due to the fact that we have accumulated sufficient reserves in 2023 thanks to a good harvest. Andrey Karpov However, he noted that this situation should not be reassuring: there is a high risk that producers will reduce seed volumes in order to make money on their products. “Therefore, buckwheat is in a possible risk zone,” noted the interlocutor of “360”. Karpov associated the increase in prices for vegetables and fruits with their seasonality and price fluctuations over a certain period of time. Prices for cucumbers have hardly increased in 2023, but this is due to the fact that they are already expensive. Their prices have increased over the past two years. “Tomatoes were cheaper a year ago, but due to demand they have risen in price, especially since most of them are imported, and part of the supply is greenhouse products, which never existed; cheap,” explained a retail market specialist. He added that in the wholesale markets of Central Asian countries, from where tomatoes come to Russia, the minimum price per kilogram is two dollars. This is almost 200 rubles, and the goods have not yet been delivered Authors: Anna Fliskaya Anatoly Minkin Source link Source link