Potatoes have become cheaper on the Ukrainian market, but not as much as last year

Fresh Common Potato

Vegetables

Ukraine

Market & Price Trends

Published Mar 8, 2024

Tridge summary

By mid-February 2024, potato prices in Ukraine have seen a significant drop to UAH 16-22/kg ($0.43-0.59/kg), marking an 11% decrease from the previous week in October. This price reduction is attributed to an increased supply as farmers have started selling their stocks due to rapid deterioration of potato quality during storage. Despite this, prices had surged four times the average in January 2024 due to limited supply and quality issues. Over the past year, the cost of growing potatoes has risen by 40%, and the Ukrainian wholesale price of potatoes has seen a 2.2 times increase.

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

By mid-February 2024, potato prices dropped significantly for the first time, amounting to UAH 16-22/kg ($0.43-0.59/kg), which is 11% lower than a week ago in October. According to the announcement of the Shuvar wholesale market, at the beginning of March, potato prices are UAH 13-16/kg, which is 30% less than in February 2024. Tetyana Popovych, head of the Shuvar market marketing department, explained that the price reduction is due to an increase in supply on the market, as farmers who delayed sales in the hope of higher prices began to sell their stocks due to the rapid deterioration of potato quality during storage. Tetiana Popovych also noted a significant increase in potato prices in January, when they reached UAH 18-25/kg ($0.48-0.67/kg). At that time, prices were four times the average compared to the same period in 2023. The main reasons for this increase in prices were the limited supply of local potatoes due to low yields in many areas and quality problems. High prices ...

Source: Landlord