Ukraine: Potatoes become cheaper with the influx of imports

Fresh Common Potato

Vegetables

Ukraine

Market & Price Trends

Published Mar 27, 2024

Tridge summary

In the past week, Ukraine's potato market experienced a significant price drop of 12% due to the influx of cheaper, new-harvest potatoes from Egypt and Azerbaijan, which are priced between UAH 25-30/kg. This surge in imported potatoes has led to a decrease in the prices of last year's Ukrainian potato stock, now selling for UAH 14-20/kg. The price reduction is a result of both the increased imports and a rise in domestic supply, as local producers and consumers aim to clear out the previous year's inventory in light of the warmer weather and upcoming sowing season. Despite the recent dip, it's noted that potato prices in Ukraine are still 2.5 times higher than they were at the same time last year.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Last week, batches of cheap imported new-harvest potatoes from Egypt and Azeybardzhan began arriving on the Ukrainian market, which lowered prices for Ukrainian products of last year's harvest as well. This is reported by EastFruit. Only last week, potato prices in Ukraine decreased by an average of 12% and varied in the range of UAH 14-20/kg ($0.36-0.51/kg). At the same time, imported potatoes of the new crop produced in Egypt and Azerbaijan go on sale at UAH 25-30/kg ($0.64-0.77/kg). The experts of the project note that the offer of Ukrainian products also increased significantly on the Ukrainian market last week. "Yes, with the onset of relatively warm weather, most producers are in a hurry to sell the volumes of last year's potatoes left in storage and fully concentrate on the sowing campaign. Meanwhile, the population also began to actively sell off ...

Source: Agrotimes