The FINANCIAL -- According to the AGRIndex, in May 2017, VEGETABLES (-8.11%) and DAIRY (-12.81%) product prices continued declining m/m trend, while MEAT (-0.37%) and FRUITS (-9.58%) became cheaper for the first time in the year. As a result, m/m AGRIndex equaled to -4.06% in the last month.
Highest increase: The GeoStat’s primary data shows that in 2016 compared to 2015, the domestic production of carrots and cabbage (including floral cabbage and broccoli) dropped, respectively, by 31% and 15%. Consequentially, these vegetables are in shortage on the market this year and, according to the AGRIndex, the m/m prices of carrots increased by 10% in May, while the prices of cabbage increased by more than half in the same month.
Highest drop: The supply of tomato and cucumber has increased significantly in recent period due to the high season and relatively high import compared to the same period of the previous year, thus their prices dropped sharply in May — m/m change in the tomato prices was -19%, while the decline in the cucumber prices slightly exceeded -40%.
As far as the year-to-year price changes are concerned, the price of the basket that the AGRIndex tracks was 10.84% higher in May 2017 than in May 2016.