Analysts observed signs of a growing surplus of food products in the Russian market, and forecasts point to lower prices in the near term. Ivan Fedyakov, the general manager of INFOLine, explained that this oversupply is likely to push prices downward, with a market bottom anticipated in August. Radio Sputnik reported his remarks as part of its market briefings.
Fedyakov noted that as summer progresses, the cost of popular horticultural crops tends to ease in Russia thanks to fresh vegetables arriving from domestic farms into retail networks. In practical terms, shoppers can expect to see more affordable options as farmers bring in harvests for the midsummer period.
He pointed out that the prices of vegetables and produce tied to the traditional summer harvest become more favorable because supply outstrips immediate demand. The price trajectory for items belonging to the familiar summer pantry, often referred to as the borscht set, is expected to bottom out in September, with a slowdown in the decline observed by October and a renewed rise in November as winter supplies begin to press on prices again.
In addition to domestically grown goods, Fedyakov indicated that prices for certain imported items are also likely to fall in August, reflecting broader supply dynamics and currency movements that affect the overall price landscape.
Maria Dolgova, associate professor in the department of finance and prices at the former Russian University of Economics named after G.V. Plekhanova, echoed the general trend. She highlighted that vegetables and fruits ripening in midsummer in Russia are continuing to become cheaper. Dolgova’s forecast suggests that price declines should persist for mid-season crops through the autumn, while a number of late-harvest products may experience more price pressure or stabilization depending on harvest quality and store promotions. Her assessment aligns with the broader expectation that the cost of everyday produce will drift lower through late summer before potential price increases emerge for certain items as supply chains tighten and demand shifts in the fall. Dolgova’s insights were reported by Radio Sputnik as part of the ongoing market analysis for consumers and retailers alike.