According to an analysis of open data by RIA Novosti, Russia has secured third place among G20 countries with the lowest potato prices. Yaroslav Kabakov, Strategy Director at Finam Investment Company, explains that potatoes remain a socially significant product in Russia, characterized by high competition and limited profit margins. Price-sensitive demand prevents producers and retailers from significantly raising costs, while cyclical overproduction during harvest years further pressures prices downward, keeping them affordable for the population.
In contrast, the highest potato prices within the G20 are found in South Korea, the United States, Australia, Canada, and Japan. Experts attribute this to a different economic model, including high labor and land costs, strict quality and processing standards, and a consumer structure willing to pay more for packaged and processed products. Meanwhile, China ranks fourth in affordability at 59.8 rubles per kilogram, followed by Brazil in fifth place at 95 rubles per kilogram.
