Tridge summary
In Ukraine, the sale prices for table beets have begun to decline this week, with a notable 13% drop to an average of UAH 8-14/kg ($0.21-0.36/kg), according to EastFruit analysts. This decrease in beet prices is linked to a fall in demand and a rise in the supply of lower-quality beets. Despite the challenges of rapidly deteriorating beet quality in storage and diminishing stocks, Ukrainian producers are still achieving sale prices that are considerably higher than the average seen in the first half of April 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
This week, sale prices for table beets in Ukraine began to decrease. This is reported by EastFruit analysts. It is noted that, according to market participants, the decrease in the price of beets was caused by a decrease in demand for these products. In addition, significant market pressure is exerting an increase in the supply of substandard beets, which producers seek to sell first. Thus, according to the daily monitoring data of the project, as of April 9, beets in Ukrainian farms are offered for sale at UAH 8-14/kg ($0.21-0.36/kg), which is on average 13% cheaper than at the end of last year working week. Read also: Prices for imported tomatoes in Ukraine increased by 11% in a week According to the producers themselves, the reason for this price situation is the very restrained demand for table beets, while the quality of these root crops in storage is rapidly deteriorating. "Farmers are ...
Source: Agrobusiness
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