Buckwheat in Ukraine is rising in price, indicative prices have been named

Published 2024년 10월 30일

Tridge summary

The director of the Ozeryanka cereal plant, Anna Bosyuk, has announced that the price of buckwheat in Ukraine is likely to increase due to a reduction in planting area this year caused by dry weather. The current price for buckwheat is 15 thousand hryvnias/ton, up from 8-10 thousand hryvnias/ton earlier in the year, and the price is expected to rise further to 30-35 UAH/kg, with retail prices potentially reaching 37-40 UAH. However, stores may not be able to increase prices as quickly due to their existing stock balances.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Anna Bosyuk, director of the Ozeryanka cereal plant, told Ukrinform about this. "This year, the area under buckwheat was reduced. The summer was dry, because of which the crops were not filled with the nature that the agrarians expected, and that we hoped to get in our production. Now there are still remnants of last year's buckwheat harvest, and farmers are holding it, waiting for the price to rise in order to sell more expensively. And if before the start of the new buckwheat harvest, we bought grain for about 8-10 thousand hryvnias/ton, now it is roughly 15 thousand hryvnias/ton," said Bosyuk. According to her, stores cannot react so quickly to a price increase because they have significant balances that they sell. Instead, the new batch of buckwheat groats is already being reassessed towards an increase in price. "The price of buckwheat will increase. Now ...

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