Potato prices continue to rise in Ukraine

Published 2024년 1월 4일

Tridge summary

Potato prices in Ukraine have increased to UAH 15-20 per kilogram, 11% higher than at the end of 2023, due to a reduction in supply on the local market. Problems with finding quality potatoes from local farmers are also contributing to the price increase, as adverse weather conditions and low-quality planting materials have affected the appearance and storability of potatoes. Many market participants believe that potato prices will continue to rise, potentially reaching European levels of 35 UAH/kg, but prices are expected to decrease in the next season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Ukraine, producers have raised potato prices again. The price of potatoes in the first week of this year increased to UAH 15-20 per kilogram ($0.39-0.52/kg), which is 11% higher compared to the end of 2023. According to the analysts of the EastFruit project, the main reason for this increase in prices is the reduction in the supply of potatoes on local markets. This is due to the fact that many Ukrainian producers, not having opportunities for long-term storage, have already completed sales in the first half of the season. It is also reported that wholesale companies face problems in finding the necessary volumes of quality potatoes from local farmers. Farmers attribute potato quality problems to adverse weather conditions during harvest, particularly prolonged rains that have affected both the appearance and storability of potatoes. Also, the low quality of planting material used in 2023 had consequences. As a result, now selling prices for potatoes in Ukraine are on average ...
Source: Landlord

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