The Impact of Carrot Supply Volatility on Prices in Japan During February 2023

Since February 2023, the supply of domestic carrots has been unstable. It is due to the poor growing conditions in Tokushima Prefecture, which accounts for about 40% of the total supply. Due to the weather, the harvest should have started in mid-February 2023, but it was delayed by more than half a month. As a result, wholesale prices on March 1st were 48% higher than on the same day in 2022. Specifically, it was USD 1.17/kg in 2023 and USD 0.61/kg in W8. From mid-March 2023, the supply from Tokushima Prefecture is expected to stabilize, so the situation should improve.