Lemon Price Gap Widened To 994%

2021-02-24   |   by CusiGO

The coordinator of farmers and farmers’ organizations (COAG) released the iPod (food source and destination price index) data for March 2021, which tells us the purchase price and market sales price of rural food. It lets you know how expensive food can get from the field to the table.

The overall price of iPods in March last year was 4.25%, down 49% from February, but it must be pointed out that this is not a significant decline. The price difference of some foods can be regarded as a shame of speculation. In this month’s index, the price difference of lemon is significant, rising to 994%. Let’s remember that the price difference in March was 925%.

In rural areas, the price of a kilogram of lemon is 0.18 euro (2 cents lower than in February), while in the market, the average price is 1.97 euro, down 8 cents. These figures show that consumers have paid 10’94 times the value of lemons in rural areas, which is unthinkable, indicating the need to introduce rules to prevent such abuse and strangle the end of the agricultural food chain.

Garlic ranked second in this particular speculative price differential, with a percentage difference of 626% in origin / destination, of course. In this case, it’s not surprising, because garlic is a common product in the rankings, and it’s hard to see the imagination barrier that the percentage difference in its source / destination is less than 500%. Initially, the average price per kilogram of garlic was set at Euro 0’82 (1 cent higher than in February), and the average price per kilogram of garlic on the market was Euro 5’95, which means that we paid 7’26 times the value of garlic in the field.

The third most expensive food in the food source and destination price index was carrots. The percentage difference of carrots increased from 547% in February to 588% in March. From the beginning, the average price of carrots was 0.16 euro per kilogram, one cent lower than the price in February. In the market, consumers paid an average of 1.10 euro per kilogram, the same as the price in February. The data shows that the price has increased 6’88 times from the field to the dining table, which is another example of middlemen collecting speculative profits.

Orange is the next prominent food, because it overcomes 500% of the imagination barrier, and the percentage difference of origin / destination is 572%, which is 25% higher than last month. In rural areas, the average price per kilogram is 0’29 euro (the same as in February), and in the market, consumers pay an average of 1’95 euro per kilogram (6 cents more than in February). These data show that the price of oranges has increased 6’52 times from the countryside to the dining table.

Fifth, a food appeared in February, which is lower than the barrier in the above imagination. We are talking about cabbage, and the percentage difference of its source / destination ranges from 462% to 533%. In rural areas, the average price of a kilogram of cabbage is 0’18 euro (3 cents lower than in February), while in the market, the average price is 1’14 euro, indicating that the decline in rural prices will shift to consumers. Nevertheless, we paid 6’33 times the value of cabbage in the field, so it can be said that the intermediary charged speculative margin.

The penultimate highlight on iPods in March 2021 was potatoes, with a source / destination percentage difference of 529%, down 471% from February. In rural areas, the average price is 0’14 euro per kilogram, an increase of 6 cents. In the market, the average price is 0’88 euro per kilogram (0’23 Euro lower than February). Although it’s a good profit, it’s still high because the value of potatoes has increased 6.29 times from the field to the table.

Eggplant ended the list with a percentage difference of 523%. Let’s remember, the difference in February was 404%. Initially, the average price was 0.40 euro per kilogram, down 11 cents. The average price on the market was 2.49 euro per kilogram, 8 cents lower than that in February. Although the market price has declined, the data shows that consumers buy eggplant at 6’23 times the price in the field.

In short, the data are not satisfactory. As we have pointed out, the price difference of new products may appear in continuous reports, which can be considered as obvious speculation. You can learn more about the iPod in March last year through COAG’s official page.

Historical iPod