Potato prices in Ukraine continue to decrease

Published Apr 18, 2024

Tridge summary

Ukrainian potato producers are currently experiencing a significant decrease in demand for their products, leading to a notable drop in prices for the second time. Despite an abundant supply, the falling demand, coupled with complaints regarding the quality of the potatoes, has resulted in buyers refusing to make purchases. As of April 18, the wholesale prices for potatoes in Ukraine have plummeted to UAH 12-17 per kilogram, a 14% decrease from the previous week. Although these prices are still 2.7 times higher than they were in the same period last year, the ongoing market trends suggest that further reductions in potato prices may be on the horizon.

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

Original content

Ukrainian potato producers have to reduce the prices of their products again. This is reported by EastFruit analysts. So, according to the key players of the market, the offer of potatoes this week remained quite voluminous, while the demand for the products continued to decrease. In addition, many buyers complained about the quality of the offered products and often refused to purchase. As of April 18, wholesale prices for potatoes in Ukraine fell to UAH 12-17/kg ($0.30-0.43/kg), which is 14% cheaper on average than at the end of last week. Read also: Prices for white cabbage in Ukraine went up Analysts note that potatoes in Ukraine currently cost an average of 2.7 ...

Source: Agrobusiness