Food prices are going down, but does the Bulgarian feel it in his pocket?

“The market is stabilizing, it’s a trend that started as early as May. If we compare November 1, 2023 with November 1, 2022, we currently have a marked downward trend in prices – weak, but the curve is moving downwards.” commented the chairman of the State Commission for Commodity Exchanges and Markets Vladimir Ivanov to Bulgaria ON AIR.

According to his data, the world market is also calming down.

“Oil is below $1,000 per ton. The price of sugar is also stabilizing. There are no prerequisites for upward trends. The tendency is for the 2023 curve to go below the 2022 curve. At the moment, cucumber prices are below last year’s levels year. Cabbage is currently also below the level,” said Ivanov.

According to him, the free movement of goods gives its effect and the competitive environment is absolutely free.

He pointed out that the price of beans varies between BGN 3.80 and BGN 4.10, rice has a problem because of the crisis that happened.

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