Why Do Food Prices Continue To Rise?

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Video: Why Do Food Prices Continue To Rise?

Video: Why Do Food Prices Continue To Rise?
Video: Food prices continue to rise 2024, November
Why Do Food Prices Continue To Rise?
Why Do Food Prices Continue To Rise?
Anonim

The coronavirus crisis has hit almost every sector of the economy. From manufacturers, through suppliers, to end traders. And this is strongly felt in our pockets rising food prices.

According to the latest data from the State Commission on Commodity Exchanges and Markets, the consumer basket has risen in price by between BGN 10 and 11 in one year. However, it turns out that not only the coronavirus pandemic has affected rising food prices.

During the crisis, the prices of lemons and ginger jumped the most, mostly due to their increased demand as strong immunostimulants. Conscientious consumers also alerted about the price of garlic, which was also a record this spring.

Imported goods

Due to the halted economies, increased demand and climate vagaries, the prices of imported goods have risen dramatically in the last month. A decrease is observed only in imported pepper - about 4% and in yellow cheese - 3 percent.

An inspection shows that the price of greenhouse cucumbers has almost doubled. Growth is also observed in the prices of imported cabbage - by almost 20% in just two weeks - up to BGN 1.07 per kilogram (wholesale).

There is also growth in tomatoes, which are also greatly affected by climatic conditions. The wholesale price is about 2.43 levs per kilogram. However, this does not mean that we buy them at this price.

By the time they reach the stalls and stalls, all of these vegetables are increasing in value because of the mark-ups of traders.

New regulations

Rising food prices
Rising food prices

However, this is just the beginning. From now on, even higher prices of goods are expected due to new rules.

The Bulgarian Food Safety Agency has issued new prescriptions for importers of fruits and vegetables, according to which everyone must make an analysis at their own expense, for residual pesticides in each shipment. The price of the samples for each batch is 420 BGN.

The requirement comes into force in June 2020 and will be valid until October 30, 2020. It is important to note that such studies will be needed for imported products from European Union countries. Foods coming from third countries are exempt from such studies.

Goods will not be allowed on exchanges and markets without this mandatory analysis.

Rising prices for meat

Since Christmas, there has been a steady trend for rising meat prices and meat products. The biggest jump was reported in pork - by 46% compared to last year.

According to experts, this is due to the African plague, which has affected dozens of farms in the country.

The price of minced meat has also jumped by 23 percent.

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