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:

Farm Renaissance Is Seen In Russia
Belarus Cheese Doesn't Comply With the Requirements Of the Customs Union
Sberbank Updated Informaion For Currency Conversion Operations
Agricultural Sector Will Get New Grants
VTB Group Increased Income

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
crisis  Nicholai Roerich  Sheremetyevo  Nikolay Bogolyubov  Russian children  Samara Airport  Central House of Artist  Moscow monuments  New Films  Archeological Tribes  Transparency International  Fabio Capello  Russia archaeology  solar cells  Russian history  Chechen republic  Russian economy  Russian Cinema  Festivals in Saint Petersburg  Ukraine crisis  Russian action  Russian musicians  Russian Literature  Russian tourism  Russian business  Golden Horde  Kremlin  Kamchatka  Exhibitions in Moscow  Kira Plastinina  Archeology  Sotheby's  Russian Photographers  Moscow  Eurasian Modern Art Festival   incident  Lake Big Sunukul  Visa   Snow Cinema  Creative Workshop  Painting  Mercedes-Benz Fashion Week Russia  Vladimir  Gazprom  Gorno-Altaisk  Saint Petersburg  Russian naval forces  Pavlovo  Russian Nature  Bashmakovo 

Travel Blogs
Top Traveling Sites