New records for potato prices in Ukraine

Published 2023년 12월 27일

Tridge summary

The demand for high-quality potatoes in Ukraine has increased while the supply has decreased, leading to a rapid rise in prices, which are already several times higher than a year ago. The cost of potatoes in Ukraine is now on average 3.6 times higher than at the end of December 2022, with large producers unwilling to sell for less than 14-18 UAH/kg. Some farms are holding back sales of quality potatoes in anticipation of further price increases, with market participants predicting no weakening of trading activity in the near future.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Increased demand and limited supply of high-quality potatoes on the Ukrainian market are contributing to the rapid rise in prices in this segment, analysts of the EastFruit project report. At the same time, selling prices for potatoes are already several times higher than a year ago and continue to rise. According to daily monitoring data of the project, at the end of last week, potato prices in the main production regions started at 12 UAH/kg ($0.32/kg). Today, almost none of the large producers are ready to enter into deals to sell potatoes cheaper than 14-18 UAH/kg ($0.37-0.48/kg), which is on average 18% more expensive than a week earlier. Read also: Agrico Ukraine increased the share of potato sales through retail chains to 80% Manufacturers justify the rise in prices in this segment for several reasons. First of all, the upward price trend is associated with a noticeable reduction in the supply of substandard products, since supplies from unequipped warehouses have fallen to ...
Source: Eastfruit

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