Nectarine Prices in Türkiye Fall 24% MoM due to the Russian Conflict

The wholesale price for nectarines in Türkiye has taken a substantial fall at the start of the season. The price had a 24% MoM decrease in Jun-23 with a monthly average price of USD 1.27/kg. The sharp devaluation of the Russian ruble and the blocking of roads has made it impossible to supply seasonal fruits to Russia. As a result, there has been a sharp collapse in prices for peaches and nectarines in various supplying markets to Russia.
The wholesale price for nectarines in Türkiye has taken a substantial fall at the start of the season. The price had a 24% MoM decrease in Jun-23 with a monthly average price of USD 1.27/kg. The sharp devaluation of the Russian ruble and the blocking of roads has made it impossible to supply seasonal fruits to Russia. As a result, there has been a sharp collapse in prices for peaches and nectarines in various supplying markets to Russia. The war in Ukraine and the tensions of the last few days in Russia are changing the structure of the fruit and vegetable sectors. The complex internal situation in Russia - with the capture of rebels and former prisoners - has led to a collapse in fruit prices in many countries that trade with Russia. Due to the tensions in Russia, there are significant blockades on Russia's main roads, which have hampered fresh fruits and vegetables transit. For Russia's leading seasonal fruit suppliers, exporting their products by land has become impossible. As a result, these markets have been experiencing an oversupply in each local market. Regarding peaches and nectarines, Russian suppliers, such as Türkiye, Iran, Georgia, Armenia, and Azerbaijan, had all had price collapses in their markets.