Blueberry set an absolute record for falling prices in Ukraine

Published 2024년 7월 19일

Tridge summary

Ukrainian farmers are offering blueberries and raspberries at record-low prices, with blueberries starting from UAH 80/kg (around $1.9/kg) and raspberries for the fresh market from UAH 100/kg (around $2.4/kg). This situation is part of a global trend of decreasing blueberry prices, which is beneficial for consumption and market efficiency, says economist Andriy Yarmak. Despite these low prices, growing blueberries in Ukraine can be profitable, especially with investment in infrastructure and by joining forces with other farmers. There is also increasing demand for Ukrainian frozen blueberries in the EU and Asia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, farmers are already offering their berries at prices starting from UAH 80/kg, which is about $1.9 or €1.8 per kilogram. "This is an absolute anti-price record for blueberries in the history of Ukraine. What's more, raspberries for the fresh market are now sold wholesale for no less than UAH 100/kg, and raspberries for freezing — from UAH 60 to 80/kg," analysts note. They recalled that earlier, episodic and short-term price reductions of berries to $2.5/kg were a shock for producers. And there were times when the wholesale price of blueberries did not fall below $6-7/kg. Economist of the investment department of the Food and Agricultural Organization of the United Nations (FAO) Andriy Yarmak sees several factors that led to this situation at once, but does not consider the current state of affairs a tragedy for the blueberry industry of Ukraine. "Decreasing blueberry prices is an inevitable process of increasing production of this berry in the ...

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