Over the year, wholesale prices for onions in Ukraine decreased almost four times

Published 2024년 3월 27일

Tridge summary

Recent reports from EastFruit reveal a significant decrease in wholesale prices for onions and carrots in Ukraine, with reductions almost 4 times and 3.2 times lower than the previous year, respectively. This decline is largely due to Ukrainian vegetable growers adapting to war conditions by relocating their cultivation efforts, saving consumers around 30 billion UAH. Despite the current low prices, there's a concern for future increases due to adverse weather conditions. Additionally, the onion market has seen a price drop at the beginning of October, attributed to efforts to eliminate low-quality onions and a surplus in Central Asian countries. However, the high cost of production remains a challenge, particularly in regions like Cherkasy. The situation is further complicated by a larger early onion harvest expected in Central Asia, contributing to the ongoing decline in onion prices in Eastern Europe.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

EastFruit's weekly price monitoring has revealed incredible data. According to project analysts, today wholesale prices for onions in Ukraine are almost 4 times lower than a year earlier at the same time, and prices for carrots are 3.2 times lower. All this became possible thanks to the quick recovery of the production of these crops by vegetable growers of Ukraine, who did what seemed impossible: they transferred cultivation from the southern regions destroyed by the Russian aggressors to other regions of Ukraine within just one year. Many people underestimate the impact of this seemingly ordinary business event on the average Ukrainian consumer, and in vain, because we are talking about billions of hryvnias that remained in the pockets of Ukrainian consumers who are already suffering from the war, - believes Andriy Yarmak, economist of the investment department of the food company. and the United Nations Agricultural Organization (FAO). Currently, the average wholesale price of ...

Source: Landlord