Source: AFP
Good harvest of basic crops as well as fruits and vegetables and the problem with the export of agri-food products caused by the Russian embargo will result in a further decline in the retail price of food – predicts Institute of Agricultural Economics and Food Economy.
“The decreasing growth rate of retail prices of food and their absolute decline progressing from April made it relatively foods become less” – the report says.
“Good harvest all the basic plants, as well as fruits and vegetables, and increasing difficulties in their exports due to the Russian embargo on food imports from the EU will result in further declines in prices, “- added.
According to experts IAFE will be supported domestic demand. “It will be a (lower prices) to support the growth of domestic demand, especially as the improved situation on the labor market and growing incomes of the population” – written.
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