Prices for greenhouse tomatoes set records in Ukraine, analysts explained the reason

Published 2024년 6월 22일

Tridge summary

The article highlights the impact of Russia's invasion of Ukraine on the country's greenhouse vegetable market, with a significant increase in imports, particularly tomatoes mainly from Turkey, reaching 50% of the market. Despite a slight decrease in import shares in 2023-2024, the tomato segment has not experienced substantial price decreases, with record high prices persisting. This situation presents a lucrative investment opportunity for those willing to invest in greenhouse tomato cultivation, despite the rising production costs.

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

Original content

After the full-scale invasion of Russia, mass population migration, occupation of the main greenhouse vegetable production regions, destruction of greenhouse farms, the share of imported greenhouse vegetables on the Ukrainian market for certain products reached 50%, which was also reflected in prices. In 2023-2024, the share of imports began to decrease, but this trend was felt the least in the tomato segment. This makes crop cultivation attractive for investors. Yevhen Kuzin, analyst of the fruit and vegetable market in the EastFruit project, international consultant of FAO, told about this during the practical forum "Intensive vegetable growing: making money in a greenhouse". The expert noted that the import of greenhouse vegetables in 2021-2023 amounted to 166-172 thousand tons annually, worth $142-186 million annually. 60% of imported vegetables are tomatoes, which are imported about 100,000 tons per year. 85% of them are imported from Turkey. For three years, no significant ...

Source: Agravery