Imported tomatoes from Turkey are becoming cheaper on the Ukrainian market

Published 2024년 2월 11일

Tridge summary

The prices of imported tomatoes from Turkey in Ukraine are on a downward trend due to weak demand from wholesale and retail companies. The prices are currently 17% lower than last week and 10% lower than the same period last year, largely due to an oversupply and weak buyer activity. This has resulted in an overflow of unsold tomatoes in warehouses, and further price reductions are expected if sales do not improve by the end of February. Despite the local market conditions, Turkish tomato exports increased by 42.8% in 2023, reaching $538.7 million. The price decrease is particularly noticeable in the 'Shuvar' market, as reported by the market's press service.

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

Original content

Prices for imported tomatoes from Turkey in Ukraine continue to decrease due to weak demand from wholesale and retail companies, EastFruit analysts inform. Currently, prices for Turkish tomatoes vary from UAH 60 to UAH 80 per kilogram, which is 17% lower than at the end of last week. Despite the large supply of imported tomatoes in the market, demand for them remains limited, prompting sellers to lower prices to stimulate sales. Currently, prices for imported tomatoes in Ukraine are 10% lower than last year in the same period. Key market players indicate that if product sales do not intensify, further price reductions are possible until the end of February. Read also: Tomatoes that wither right on the vine were bred in Israel The increased supply of tomatoes from Turkey led to an oversupply, while buyer activity continued to weaken, causing warehouses to overflow with unsold tomatoes. It should be noted that the export of tomatoes from Turkey in 2023 increased by 42.8% compared to ...

Source: Landlord