Lemons cost more this summer as prices go up about 25 percent across St. Petersburg stores. Turkish weather damaged crops when unexpected frosts hit major growing regions earlier this year. The Turkish government halted lemon exports following these weather problems. Suppliers noticed this shortage opportunity, which triggered immediate price increases throughout the supply chain. Consumers feel these changes directly at checkout lines.
Professor Vyacheslav Cheglov from Plekhanov Russian University says South American imports might offset some price pressure as seasonal demand naturally decreases. Russian merchants started buying Egyptian lemons despite increased shipping expenses affecting those prices, too. Argentina, South Africa, and Morocco stand ready to fill any extended Turkish supply gaps in the coming months. Russians will still find lemons available despite paying higher prices for them. Market analysts expect further price jumps before next season begins.
Professor Vyacheslav Cheglov from Plekhanov Russian University says South American imports might offset some price pressure as seasonal demand naturally decreases. Russian merchants started buying Egyptian lemons despite increased shipping expenses affecting those prices, too. Argentina, South Africa, and Morocco stand ready to fill any extended Turkish supply gaps in the coming months. Russians will still find lemons available despite paying higher prices for them. Market analysts expect further price jumps before next season begins.
