In Ukraine, the oversupply caused a sharp drop in plum prices

Published Aug 22, 2024

Tridge summary

The Ukrainian market is facing an oversupply of plums from local farms, causing prices to drop significantly. As of August 22, plum prices range from UAH 8-14/kg ($0.19-0.34/kg), which is 54% cheaper than the previous week. High temperatures have accelerated plum ripening but reduced their quality, further driving prices down. Current prices are already below last year's levels, and producers may need to lower them even more due to low demand from local wholesale companies.

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

Original content

There is an oversupply of plums from local farms on the Ukrainian market, which exerts significant pressure on prices in this segment. This is reported by EastFruit analysts. According to market participants, the demand of local wholesale companies for plums is currently very low, while the volume of supply of these stone fruits on the market continues to increase due to the seasonal factor. So, as of August 22, the price of plums from local farms varies in the range of UAH 8-14/kg ($0.19-0.34/kg), which is on average 54% cheaper than at the end of the last working week. Read also: Interest in growing dessert currant varieties is growing in Ukraine Analysts note that the high air temperature contributed to the accelerated ripening of plums and at the same time negatively affected their quality, which also exerts additional pressure on prices. "Producers are concerned that ...

Source: Agrobusiness