Unprecedented high prices for watermelon in Moldova, another five-year record

Published 2022년 8월 17일

Tridge summary

In Moldova, watermelon prices have surged by 20-25% in early August 2022, reaching an average of 4.5-5 lei/kg ($0.21-26/kg). This is due to a significant reduction in watermelon cultivation areas by 45-50%, from 1.5 thousand hectares in 2021 to 750 hectares in 2022, caused by decreased seed demand and impacts from Ukraine. The high wholesale prices in Ukraine allow traders to export Moldovan watermelons at substantial profits. Furthermore, the high prices are anticipated to persist due to the potential for a low autumn table grape harvest, a usual replacement for watermelon in the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Contrary to a long-term trend, prices for watermelon in the first half of August 2022 in Moldova did not decrease, but increased by 20-25%, on average from 4 to 5 lei/kg ($0.21-26/kg) in wholesale trade. In network retail, the price of goods doubles; in market and bazaar retail, the gap from the average wholesale price is 25-35%. In mid-August this year, watermelons in bulk are sold 15-20% more expensive than in the dry year of 2020. However, then the August level of average wholesale prices was relatively high, but stable for three weeks and fell for a short period in early September. In 2022, the market dynamics will apparently be different. Traders believe that the wholesale price of watermelon in Moldova will grow (perhaps not very quickly and strongly) throughout August and most of September. This month last year, due to low purchase prices that do not cover the costs of production and harvesting, the watermelon crop in some fields was plowed. See also: The Ministry of ...
Source: Eastfruit

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