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Buckwheat has risen the most in a year in Russia

Buckwheat has risen the most in a year in Russia
Photo: pixabay.com

Buckwheat in Russian stores has almost doubled in price. This cereal has increased in price more than other products over the past year.

As reported "Vedomosti" citing data from Rosstat, in July the retail price of buckwheat increased by more than 1,7 times - one kg costs about 87 rubles. First, wholesale prices doubled.

Experts attribute this to the fact that last year the price of cereals was minimal due to an oversupply of buckwheat. The rise in prices was driven by rush demand in the spring, when, due to the coronavirus, people began to buy products with long shelf life. The greatest demand for cereals was in mid-March, since then the market situation has stabilized.

In April banned the export of some cereals and vegetables from the Eurasian Economic Union (EAEU). The measure also affected Russia. The EAEU believes that this will provide the citizens of the Union countries with goods for the duration of the quarantine.

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