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The common wholesale worth of bananas in Uzbekistan has elevated 1.5 instances over the previous three months and present wholesale costs are virtually a 3rd increased than final 12 months. Such worth dynamics might decelerate the excessive development charges of consumption of bananas famous in Uzbekistan for the second 12 months in a row, EastFruit analysts say.
The common wholesale banana costs in Uzbekistan in January-August 2022 ranged from 14 000 to 18 000 UZS/kg ($1.28-1.66) apart from a two-week brief interval on the finish of Could and starting of June and have been properly beneath final 12 months’s ranges. Nevertheless, a gentle rising development has been established within the dynamics of wholesale banana costs because the starting of September. In accordance with EastFruit worth monitoring, the typical wholesale worth of bananas in Uzbekistan elevated from 14 000 to 21 000 UZS/kg ($1.28-1.87), i.e. 50%, from September 2 to December 2, 2022.
As might be seen from the graph above, the typical wholesale banana costs in Uzbekistan in most of 2022 have been a lot decrease than final 12 months. However, because of the multidirectional dynamics of wholesale costs in September-November, the hole between the wholesale costs of the present and final 12 months began rising. As of December 2, 2022, the typical wholesale worth is 31% increased than the identical date final 12 months.
EastFruit wrote in November 2022 concerning the continued quick development in banana consumption in Uzbekistan for the second 12 months in a row. The nation imported 112 300 tonnes of bananas in January-October 2022, which is 1.9 instances greater than in the identical interval final 12 months. In January-October 2021, Uzbekistan imported 2.2 extra bananas than in the identical interval in 2020.
Learn additionally: Uzbekistan dramatically elevated imports of apples, bananas, kiwis, citrus fruits, and different fruits in 2022
Nevertheless, the dynamics of the previous three months and the present ranges of banana costs might result in a substantial slowdown within the development fee of banana consumption in Uzbekistan, in addition to a lower within the development fee of banana imports within the subsequent few months, EastFruit analysts conclude.
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