Ukraine began importing potatoes from Poland amid price records

Published 2024년 1월 10일

Tridge summary

Due to unfavorable weather conditions and a decrease in the quality of potatoes, the wholesale price for high-quality fresh potatoes in Ukraine has increased by 40%, leading to imports from Poland, Lithuania, and Latvia. The situation on the European potato market, with prolonged rains in northern Europe causing a shortage of raw materials, is also affecting the Ukrainian market. This has resulted in the prospect of a rise in potato prices in Poland, potentially leading to an increase in wholesale prices in Ukraine.

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

Original content

According to EastFruit analysts, the rate of growth in potato prices is accelerating in Ukraine, which has led to the first wholesale supplies of imported products to the country’s market this season. Since January 4, 2024, large shipments of potatoes from Poland, as well as from Lithuania and Latvia, measuring hundreds of tons, began to arrive in Ukraine. “Currently, wholesale prices for potatoes in Ukraine are the highest in history, both in hryvnia and in terms of dollars or euros. In fact, over the year, prices for this product have increased by 3.5-4.0 times. Moreover, literally over the last 3 weeks, the wholesale price for high-quality fresh potatoes in Ukraine soared by 40% and exceeded the price level in neighboring EU countries, which made importing potatoes economically feasible,” says Andriy Yarmak, economist at the investment department of the UN Food and Agriculture Organization ( FAO). What is the reason for such a sharp rise in potato prices in Ukraine? Producers ...

Source: Eastfruit