This vegetable has become brutally expensive in Poland

Published 2024년 11월 21일

Tridge summary

In Poland, the price of white cabbage on wholesale markets has surged by 7% in a week, reaching a record high of 1.2-1.7 PLN/kg (115-160 HUF/kg), likely due to speculative market behavior and an artificial supply reduction as producers hoard their stock in anticipation of higher prices. The price of red cabbage has seen an even more dramatic increase of about 25%, exceeding 2 PLN/kg (190 HUF/kg). The high prices and the expected lack of significant imports suggest that demand may outstrip supply, leading to further price increases unless demand drops due to the high prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Poland, in mid-November, the average price of white cabbage on the wholesale markets increased by 7% in one week, where it is currently in the range of 1.2-1.7 PLN/kg (115-160 HUF/kg), depending on the region and the quality of the product. and last week already received offers of around PLN 1.75/kg (165 HUF/kg). This price level clearly represents a record for the last 5 years, meaning that the usual late autumn seasonal price drop of cabbage did not occur - reports FruitVeB. This is precisely why many analysts think that this price level is the result of speculative market behavior. Everyone is aware that this year's harvest will be weak, but it seems that the amount of goods currently on the market falls below even this theoretically lower potential, i.e. it is an artificial supply reduction: a significant number of producers are stockpiling, waiting for even higher prices in the future . The wait-and-see tactics of producers and traders are unlikely to work this year, ...
Source: Agronaplo

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