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:

The Amount of Tax Benefits for Moscow Business will Exceed 170 Billion Rubles
The First Loan Secured by Intellectual Property in Russia was Issued to a Skolkovo Resident
Catering Companies Change their Business due to the Pandemic
Sberbank Took the Sixth Place among the Largest World Companies in Creating Value for Shareholders
Russian Educational AI-startup Raised a Million Dollars of Investment

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

fashion designer  bicycle  New Year  Exhibitions in Moscow  Chelyabinsk  Lokomotiv plane crash  Festivals in Moscow  Milonov  Romanovs  Online Events during Quarantine  travel to Russia  Russian Museum  Angarsk  Censorship  Russian Cinema  Triumphal Square  Russian business  Russian tourism  Russian Geographical Society  Russian State Corporation  Burial Grounds  Moscow  Roberto Rosetti  iPhone  society  Pussy Riot  Russian Orthodox Church  Tyumen State Academy of Culture, Arts and Social Technologies  Sergey Prokofyev  St. Petersburg  Alexey Balabanov  Volga River  hooliganism  Kutuzov  Russian hotels  Modern Russian Literature  Vyacheslav Butusov  Russian art  Museum of erotic art  Treasures  Russian Romance Song  buy Russian designers  bailiffs  Moscow planetarium  Russian theatre  Russian regions  Mercedes-Benz Fashion Week Russia  Golden Ring  airport transfer in Russia  Russian painters 

Travel Blogs
Top Traveling Sites