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Turkmenistan and Uzbekistan flooded with greenhouse tomatoes due to problems with demand in Russia

Published Dec 18, 2024

Tridge summary

Turkmenistan and Uzbekistan are facing challenges in selling greenhouse vegetables, particularly tomatoes, due to the decreased solvency of Russian buyers. The devaluation of the ruble and financial instability in Russia are also impacting exports from the two countries. As a result, both countries are under pressure to find ways to diversify their greenhouse vegetable export markets to reduce their reliance on an unreliable trading partner. Uzbekistan has recently lifted its informal ban on the import of greenhouse tomatoes from Turkmenistan, which may further increase pressure on domestic prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, Turkmenistan to a greater extent, and Uzbekistan to a lesser extent, are experiencing huge problems with the sale of greenhouse vegetables. The biggest problem now is with the sale of greenhouse tomatoes, and the main reason is the decline in the solvency of Russian buyers. Today, Turkmenistan's "greenhouse growers" report huge problems with the sale of their products even at a price of $ 1 per kg. Real prices are already below this psychological threshold. They complain about a sharp drop in demand for their products on the Russian market, which puts constant pressure on prices. Let us recall that in recent years, Turkmenistan has been rapidly increasing the area under greenhouses and the production of greenhouse tomatoes. Tomatoes are not much more expensive in Uzbekistan either. Prices are lower than last year's by an average of 32%. In addition, the wholesale price of a greenhouse tomato in Uzbekistan is one of the lowest in the last five ...
Source: Eastfruit
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