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:

Rouble Falling Again
30.06.2017
IDS Borjomi Russia Acquired the Chistaya Voda Company (Pure Water Company)
16.03.2017
Technopromexport Acquired Four Sets Of Gas Turbines On the Secondary Market
17.07.2017
The Bank Of Russia May Start Interventions
31.01.2017
Russia-China: Main Trends in Financial Relations 2017
12.03.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Exhibitions in Cherepovets  Russian life  Victory Day  Mercedes-Benz Fashion Week Russia  Russian Sculpture  Elbrus  Contemporary Writers  Kaliningrad Region  Perm Monuments  Video Exhibitions  Republic of Tyva  Voronezh   Tula Museums  Russian opera singers  Moscow  Russian history  Bank  protest actions  Organ  Russian Cinema  Kaluga Region  Russian ice hockey  Kola Peninsula  Vladimir Sorokin  Finds  Kalmykia  Marihuana  ISIL  Russian society  Archeology  Moscow hotels  Russian roads  Exhibitions in Moscow  Anzhi Makhachkala  Painting  Washington Post  Kalachinsk  New Films  Russian business  Aeroexpress  Nikolay Nikiforov  Russian Literature  Russian tourists  Moscow airports  Eurovision  Russian Postmodernism  elections in Russia  Russian Souvenirs  Bulgar  Russian tourism 


Travel Blogs
Top Traveling Sites