It was a year of good news on the Russian front. Consumption is on the upgrade. Over the first nine months, the net supply climbed by 15 % on 2016. A twelve-month projection took the size of the Russian market up to 1.5 million tonnes, an unprecedented level! The planets were perfectly aligned. The rouble is in better shape against the dollar, currency reserves have increased thanks to the oil price recovery, inflation is practically under control and economic growth is returning. In 2017, the context was favourable for banana consumption, especially since its worldwide price has fallen. For an annual average price identical in 2016 and 2017 of 12.1 USD/box CIF St. Petersburg, the equivalent in roubles collapsed by 13 %: from 811 to 710 roubles/box. The world banana market crisis did affect Russia, but less extensively (just over two months this summer). There was a clear autumn recovery before the year ended with a flourish. In terms of retail price, a distinct ebb was confirmed, back to extremely low levels of just over 12 roubles per kilo. The gap with apples or oranges is widening further, with their prices also falling though less quickly than for the banana.
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