According to a report from the Czech Statistical Office, domestic apple and pork prices are falling. The cost of apples has dropped by almost a third compared to last year, with prices falling from CZK 21.80 to CZK 15.20 per kilogram. Meanwhile, pork costs have decreased by around 15%, with prices now averaging CZK 101 per kilogram.
According to Petr Soukup, an analyst at the Agrarian Chamber of the Czech Republic, the drop in prices for domestic apples is due to a good harvest this year. He also notes that the increase in imports of foreign apples has contributed to the price decrease.
“The main reason for the low price of apples is the increase in imports from Poland, which has become a dominant supplier of apples to the Czech market,” Soukup explained.
The decrease in pork prices is due to a drop in demand from the hotel and restaurant sectors during the COVID-19 pandemic. The lower demand has led to excess pork on the market, pushing prices down.
“The situation with pork is more complex because there is a lot of uncertainty about how long the current situation will last,” said Jan Pivoňka, the head of the Meat Association of the Czech Republic.
The price decrease for domestic apples and pork is good news for consumers, who will likely see lower store prices. However, it is challenging for farmers and producers who must adjust to the new market conditions.
The Czech market is seeing a decrease in prices for domestic apples and pork due to a good harvest, increased imports of foreign apples, and a drop in demand for pork from the hotel and restaurant sectors during the COVID-19 pandemic. While this is good news for consumers, it challenges farmers and producers who must adapt to the new market conditions.