Potato prices resumed to rise in Ukraine

Published Dec 13, 2024

Tridge summary

The potato market in Ukraine is experiencing a surge in trade and purchasing activity due to increased demand from wholesale companies and retail chains ahead of the New Year holidays. This has led to a significant increase in selling prices, with farmers charging between 22-30 UAH/kg ($0.53-0.72/kg), a 22% rise from the previous week. The average price of potatoes in Ukraine is currently 85% higher than last year due to a decline in production caused by summer droughts in major potato-growing regions. Experts predict further price increases, but do not anticipate a sharp hike.

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

Original content

The potato market in Ukraine has seen an increase in trade and purchasing activity this week, according to analysts from the EastFruit project. At the same time, industry experts note that in the context of increasing demand, farmers continue to raise selling prices in this segment. Thus, at the moment, they are already declaring prices for potatoes in the range of 22-30 UAH/kg ($0.53-0.72/kg), which is on average 22% more expensive than the week before. Market operators associate the increase in trade activity in this segment with the increased interest of wholesale companies and retail chains, which have already begun to stock up for the New Year holidays. At the same time, they do not rule out the possibility of further price increases in this segment, but admit that a sharp increase in prices should not be expected. Read also: Due to crop failure, potato imports to Ukraine increased by 90% in January-October 2024 It is worth noting that today potatoes in Ukraine are already on ...

Source: Eastfruit