There is a shortage of potatoes in Ukraine; potatoes are 2.8 times more expensive

Published Mar 11, 2024

Tridge summary

Ukraine is currently experiencing a shortage of high-quality potatoes, leading to difficulties for wholesalers and retail chains in sourcing them. As a result, farmers have increased prices by approximately 14% from the previous week. The price of potatoes is now 2.8 times higher than in March 2023, and it is expected to continue rising due to the decreasing supply and increasing demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit, the Ukrainian market is struggling with a shortage of high-quality potatoes. Wholesalers and retail chains have difficulty purchasing good quality potatoes that meet their needs. This gives farmers the opportunity to increase prices for high-quality potatoes. Currently, Ukrainian growers supply such products at a minimum price of 16-23 UAH/kg (0.42-0.60 USD/kg), which is about 14% higher than last week. According to EastFruit, market participants note that the supply of high-quality potatoes on Ukrainian farms is decreasing, while the demand for this product is increasing. This is the main factor behind the price increase. It should be noted that in such circumstances, farmers may also charge more for lower quality potatoes. Moreover, potatoes in Ukraine are currently on average ...

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