Ukraine: Food prices are falling for the second month in a row - Ministry of Economy

Published 2021년 9월 12일

Tridge summary

Since July, the Ministry of Economy in Ukraine has observed a decrease in domestic food prices or a slowdown in price increase, including a significant drop in the prices of borscht vegetables, millet, sunflower oil, oatmeal, buckwheat, wheat flour, and poultry in August. This is attributed to seasonal factors, positive assessments of agricultural production volumes, and the revival of Ukraine's economy. The price normalization comes after a period in the first half of the year when the domestic agricultural sector saw a decline of over 10% due to rising production costs, including a sharp increase in gas prices in the European market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since July, domestic food prices have either fallen or slowed in the domestic market, due in part to seasonality and production volumes. This was reported by the press service of the Ministry of Economy. Thus, in August versus July, borscht vegetables fell in price (from 4.5% for cabbage to 40.8% for carrots), millet - by 2.4%, sunflower oil - 2%, oatmeal - by 1.5% , buckwheat - by 1.3%, wheat flour and poultry - up to 1%. The price of sugar also normalized. Such dynamics is caused on the one hand by positive assessments of agricultural production volumes and seasonal factors. The actions of the government and the revival of Ukraine's economy also had an impact. This is a declaration of changes in prices for goods of significant social significance, introduced by the Ministry of Economy. Such products are buckwheat, granulated sugar, wheat flour, pasta of domestic production, pasteurized fat fat. 2.5% (in film), rye-wheat bread, chicken eggs of category C1, poultry (chicken ...
Source: Agropolit

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