Due to the influx of imported products, potato prices in Ukraine began to decline

Fresh Common Potato

Vegetables

Ukraine

Market & Price Trends

Published Mar 21, 2024

Tridge summary

Ukraine is experiencing a decrease in local potato prices by an average of 12% due to the influx of imported potatoes from Egypt and Azerbaijan. Despite being sold at higher prices than local ones, these imported potatoes have led to a significant increase in the supply of local potatoes. Producers are selling off last year's stock to focus on the new sowing campaign. However, even with the price drop, potatoes in Ukraine are still 2.5 times more expensive than the same period last year.

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

Since the beginning of this week, large batches of imported potatoes from the new crop have begun to arrive on the Ukrainian market, analysts of the EastFruit project report. This fact has already had a negative impact on selling prices for local products. Thus, in the last week alone, according to the daily monitoring of the project, prices for potatoes in Ukraine have decreased by an average of 12% and today vary in the range of 14-20 UAH/kg ($0.36-0.51/kg). At the same time, imported new crop potatoes produced in Egypt and Azerbaijan are currently being sold at 25-30 UAH/kg ($0.64-0.77/kg). It is worth noting that this week the supply of local products on the Ukrainian market has also increased significantly. Thus, with the onset of relatively warm weather, most producers are in a hurry to sell the remaining volumes of last year’s potatoes in storage and fully concentrate on the sowing campaign. Meanwhile, the population also began to actively sell off the remaining potatoes, ...

Source: Eastfruit