Buckwheat in Ukraine rose in price to a record 15,000 hryvnias per ton

Published 2024년 11월 3일

Tridge summary

Buckwheat prices in Ukraine have doubled to UAH 15,000 per ton due to reduced sowing areas and poor weather conditions, causing a decrease in volume and quality of the crop. The retail price is expected to rise to approximately 40 UAH per kg, up from the previous 8-10,000 UAH per ton. The increase in buckwheat prices is part of a broader trend of rising vegetable prices in Ukraine, with potatoes and cucumbers becoming significantly more expensive, while cabbage prices have declined. Despite the higher prices, experts believe that buckwheat stocks will be sufficient to meet both domestic and international demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Buckwheat prices are rising in Ukraine due to a decrease in the area under sowing and difficult weather conditions, which caused a decrease in the volume and quality of groats. This is reported by Ukrinform. According to experts, purchase prices for buckwheat have almost doubled this year - up to UAH 15,000 per ton. Analysts note that there are still remnants of last year's buckwheat harvest, and farmers are holding onto it, waiting for the price to rise in order to sell it more expensively. If before the start of the new buckwheat harvest, market participants bought grain for approximately UAH 8-10,000 per ton, now it is approximately UAH 15,000 per ton. Experts note that Ukrainians should expect an increase in buckwheat prices to approximately 40 UAH per kg. Experts admit that it is difficult to predict the price now, but in the retail trade this product is planned to be sold at UAH 30-35 per kg. Buckwheat will cost approximately UAH 37-40 in retail chains. Experts believe that ...
Source: Agropolit

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