Price of Food to Keep Growing as Long as the Pandemic Lasts?

The prices of the producers of agricultural and fishery products increased 41.4% in September 2021 compared to September 2020, as announced by the Statistical Office of the Republic of Serbia.

The increase in the prices of food is a consequence of the Covid-19 pandemic and, as long as it lasts, the prices of food – fruit, vegetables, oil plants and grains – will keep growing too, Zarko Galetin, an agrarian analyst from Novi Sad, says for Dnevnik.

According to him, the price of wheat is growing, reaching all-time highs, and, as long as the price per kilogram of wheat keeps going up, it will keep breaking the previous records.

– Other primary cultures are also growing at an unprecedented rate, but those prices are influenced by the trends in the world markets and changes in the exchange markets – Galetin says and adds that the prices of vegetables are not affected by the trends in the foreign markets and that the high prices of cabbage, potato and other vegetables are due to the local circumstances.

The climate has influenced those prices, more precisely, this summer’s great drought, which reduced the yields.

– The ratio between the supply and the demand was not balanced, leading to the fact that a kilogram of potatoes costs close to RSD 100, whereas a kilogram of cabbage cannot be found at a price below RSD 70, which has never been seen before – Galetin said.

Žarko Galetin

price of wheat

inflation

price of food

pandemic

coronavirus

food price increase