Since the beginning of the year prices for vegetable oil, buckwheat and rice have decreased

Summer is in full swing, In the markets there is a traditional increase in the supply of vegetables and fruits. But, nevertheless, groceries, refers to essential goods. How does seasonality influence the grocery market?
In the period from January to July this year, the following dynamics of retail prices for basic grocery groceries is observed.
Sugar is a seasonal product. At the beginning of the year, it was cheaper, if in January the average price for sugar was 252 tenge / kg, in April its average cost decreased to 236 tenge / kg. But by the summer the demand for sugar is growing, so the creeping price growth for sweet product is observed up to 253 tenge / kg in July (+ 7%).
For seven months, the premium flour + 4%, wheat bread (+ 3%), pasta (+ 2%) slightly increased in price. The rise in price of products is associated with higher tariffs for utilities.
On the contrary, prices fell on buckwheat (-14%), rice (-5%) and vegetable oil (-6%), which is associated with an increase in supply and expansion of product range.
In the summer, eggs are also cheaper, the average price in Kazakhstan is 200 tenge per dozen (-32%).
Meat products
In the meat products market, the prices for beef, lamb, horse meat and chicken continue to grow. The growth in the cost of beef and mutton since the beginning of the year at 15%, on horse meat + 13%, for chicken meat + 2%. In general, the rise in price of meat in the current year contributed to higher prices for feed and fuel. Also in the summer period there is a decrease in the number of livestock intended for slaughter, which in turn led to a decrease in the volume of product shipments to the market.
Changes in retail prices for groceries and meat products for the period January-July 2017 are presented in the table

 

  Grocery  
  sugar flour h/q bread wh. pasta buckwheat grain rice vegetable oil egg
january 252 122 120 169 339 236 412 292
february 242 125 120 170 341 235 402 278
march 240 124 122 172 335 232 396 268
april 236 123 121 167 329 233 394 263
may 237 124 121 169 323 236 390 252
june 243 126 122 174 305 231 386 219
july 253 127 124 172 297 224 387 200
  Meat products
  beef mutton horsemeat chicken
january 1258 1202 1424 680
february 1338 1237 1463 696
march 1377 1305 1516 687
april 1404 1318 1511 694
may 1426 1342 1520 697
june 1421 1378 1566 692
july 1447 1398 1611 693

 


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