Ukrainian farmers raise prices for table beets even amid low demand

Published Nov 10, 2021

Tridge summary

Ukrainian farmers are increasing the selling prices for beetroot due to low demand and limited supply, leading to a 17% average increase in price this season. However, wholesale companies and retail chains are not actively purchasing at these prices, leading to a market stagnation. Despite the higher prices, many farmers are holding back from active sales, expecting further price increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Despite the consistently low demand for beetroot, Ukrainian farmers are starting to increase the selling prices for these products, according to analysts of the EastFruit project. The main reason for the rise in the price of beetroot, most producers name the limited supply of this root crop on the market, as well as a decrease in the gross harvest of the crop in the current season. According to the data of the daily monitoring of the project, since the beginning of this week alone, the price of table beets on the Ukrainian market has risen by an average of 17%. As a result, already today, the main transactions for the sale of this root crop are concluded at 6-8 UAH / kg ($ 0.23-0.31 / kg), depending on the quality, batch size and region. Read also: Ukraine imported a record volume of cherries and sharply reduced exports amid lack of demand for local products At the same time, most representatives of wholesale companies and retail chains are in no hurry to buy beetroot at such ...
Source: Eastfruit

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