Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

JFC bankruptcy doubled banana price in Russia
5.03.2012 16:56
JFC bankruptcy doubled banana price in Russia

In Russia banana retail price has grown by 50% per cent since the mid February and amounts 51.87 Ruble per kilo ($ 1.73), reports The Kommersant. The price rise is linked with the bankruptcy of the largest fruit importer, JFC. At that, this company was the first to level up the price.

Some market participants consider the price speculative and temporary.

According to the Institute for Agricultural Market Studies about 1.3 million tons of bananas were imported into Russia in 2011, it is 5 % more than in 2010. Russia is the fourth largest importer of bananas in the world.

JFC has been the leader among banana suppliers into Russia for 12 years. The company has applied for the procedure of bankruptcy on February 21, 2012. The bankruptcy was mostly caused by the results of Arab Spring.  

Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

Russian Banks will get Compensation for their Lost Revenues
Russia Ranked 27th in the Annual Bloomberg Innovation Index
Yandex.Market Starts Cooperation with Turkish Marketplace
Rostech will Support Technology Startups
The Index of Business Activity of Russian SMEs Dropped Down

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Roman Shirokov  Salt Lakes  Hermitage Hotel  Russian regions  Alexander Lebedev  Russian Musicals  Moscow State University  Environment Protection  Russian Film Distribution  Russian roads  Tretyakov Gallery  St. Petersburg  Russian business  Russian hockey  Moscow  Mercedes-Benz Fashion Week Russia  Sokolniki Park  Sverdlovsk region  Russian Cinema  Monuments in Moscow  Russian police  Woodwork  Jeanne d'Arc  Lermontov   Viktor Pivovarov  Navalny  Alexei German Jr.  Elections 2012  IT market in Russia  FIFA world cup 2018 tickets  Festivals in Moscow  Science  Rosa Khutor  Volga River  Alla Pugacheva  travel to Russia  Russia international  Gautier-Dufaye  Russian sanctions   Russian tourism  Russian military equipment  Mariinsky theatre  Sculpture  Andronaut  New Year  Sects  Exhibitions in Moscow  Bolshie Berezniki  Weapon  Russian singers 

Travel Blogs
Top Traveling Sites