A popular vegetable in Ukraine is rapidly becoming cheaper: prices are already 75% lower than last year
Vegetables
Ukraine
Market & Price Trends
Published Mar 29, 2024
Tridge summary
In Ukraine, the agricultural market has seen significant price fluctuations, with carrot prices dropping by an average of 15% in the week starting March 25, due to an increase in local supply and a high volume of non-standard crops, leading to reduced demand and slower sales. Carrots are now selling for UAH 6-10/kg, which is 75% lower than prices a year ago. Conversely, tomato prices have slightly increased as a result of reduced imports from Turkey, attributed to unfavorable weather conditions. Additionally, potato prices have decreased by an average of 12%, driven by an influx of imported new crop potatoes into the Ukrainian market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
This week, which began on March 25, another decrease in carrot prices has been observed in Ukraine. For example, products from local farms go on sale at UAH 6-10/kg ($0.15-0.25/kg), which is on average 15% cheaper than a week earlier, reports EastFruit. It is noted that the supply of goods from local farms has noticeably increased on the market, which has led to a general decrease in consumer demand and negatively affected the pace of sales. So, farms that previously refrained from sales are now actively selling off their available volumes. At the same time, the supply of non-standard root crops remains quite high, which also puts pressure on the prices of quality products. Currently, carrot prices in Ukraine are on average 75% lower than at the end of March last year. At the same time, the producers noted that, if the situation on the market does not change in the near future, they will be ready to reduce the prices of these root crops further in order to increase sales rates. ...
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