Prices for table beets in Ukraine are almost twice as high as last year

Published Oct 7, 2024

Tridge summary

Table beet prices in Ukraine have surged by an average of 20% last week, reaching UAH 10-14/kg ($0.24-0.34/kg). This increase is due to most producers halting sales in anticipation of market improvement, resulting in a decrease in supply. These prices are twice as high as last year, and there are concerns that this price surge might be a temporary situation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last week in Ukraine, a trend of increasing sales prices for table beets emerged. This is reported by EastFruit analysts. It is noted that, despite the rather low rates of sale of table beets, most producers decided to revise the prices to increase. Yes, just since the beginning of last week, the price of beets in Ukraine has risen by an average of 20%. As of October 4, the shipment of these products was carried out at UAH 10-14/kg ($0.24-0.34/kg), depending on the quality, volume of the batch and the region of production. Analysts note that the week before last, the price range in this market segment was at the level of UAH 8-12/kg ($0.19-0.29/kg), and the sale of these products was carried out at a stable pace. Read also: Raspberry prices in Ukraine increased by 67% in a week "The main factor of the price increase in this segment was the fact that most farms suspend the sale of beets in anticipation of an improvement in the price situation on the market and send the main volume ...
Source: Agrobusiness

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