Cucumbers are becoming more expensive again due to a shortage of supply in Ukraine: what will happen to prices in the future

Published Feb 2, 2024

Tridge summary

Ukraine is experiencing a significant increase in greenhouse cucumber prices, with a 24% rise in the past week due to high demand and low supply. The prices are expected to keep rising until the end of February, largely due to the lack of competition as the sales season for most domestic factories has not yet started. Compared to last year, cucumber prices are 38% higher. Additionally, the cost of tomatoes imported from Turkey has risen by 20%. In contrast, beet prices have dropped by 14%, while potato prices have quadrupled compared to last year.

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

Original content

In Ukraine, greenhouse cucumbers are currently on sale at UAH 90-120/kg, which is on average 24% more expensive than a week earlier. As stated on the analytical platform EastFruit, market participants attribute the price increase in this segment to increased demand for greenhouse cucumbers against the background of their relatively low supply. Analysts noted that the second half of this week was marked by a noticeable increase in the activity of wholesale companies regarding greenhouse cucumber, while its selection in Ukrainian greenhouse plants remains minimal. Importers believe that the price of cucumber will continue to increase, while the price increase will continue, at least, until the end of February. The basis for such assumptions is the fact that so far there are practically no competitors in the Ukrainian market for imported products. Because the sales season in most domestic factories has not yet started, and local products will cost a little more than imported ...

Source: Unian