2024 Author: Jasmine Walkman | [email protected]. Last modified: 2023-12-16 08:29
The chairman of the State Commission on Commodity Exchanges and Markets Eduard Stoychev said that food prices will not rise as the holidays approach, as was the case last year.
According to Stoychev, an increase in the price of basic food products is unlikely due to low consumption in the last year.
The chairman of the State Commission added that there has even been a drop in prices for fruits and vegetables by 3 to 6% in a few weeks.
According to him, if during the holidays there is an increase in the price of fruits or vegetables, it will be short-lived.
Stoychev also said that the Commission reports a rise in prices for dairy products by 6 to 11% and for legumes such as beans and lentils.
Dairy products have risen so sharply because of the difficulties faced by the world's largest producer of milk, dried and liquid milk.
Eduard Stoychev believes that legumes have become more expensive because less and less beans are produced in Bulgaria, and the product available on the market, such as Smilyan beans, could originate from Kyrgyzstan, Egypt or even China.
Domestic potato production has also declined in recent years, and if this trend continues, potato prices may rise.
The expert also noticed a change in the way many people buy food, lately buying en masse from stock exchanges and markets, rather than from small grocery stores.
According to him, this change strikes mostly at the neighborhood stores, because the big food chains manage to compensate with tempting promotions every week, thus retaining their customers.
With the approach of the Christmas and New Year holidays, the market price index has risen by 7% to 1.36 points, but still remains lower than last year's index.
Stoychev predicts that food prices cannot be expected to rise with the New Year, unless an artificial shortage of some products is created.
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