In the Ukrainian market, root crops rose 1.5 times


In the Ukrainian market, root crops rose 1.5 times

03/26/2020

This week in Ukraine prices for carrots and beets increased significantly

According to the EastFruit project, interruptions in the supply of fresh fruits and vegetables throughout Ukraine, due to the picture regime, have a significant impact on the level of wholesale and retail prices in the fruit and vegetable segment. In particular, market participants report that carrot and beet prices have risen significantly this week.

Most local farmers currently do not agree to sell beets cheaper than 3-5 UAH / kg ($ 0.11-0.18 / kg), which is on average 1.5 times more expensive than a week earlier. The price of carrots at the moment has also risen to 3-5 UAH / kg ($ 0.11-0.18 / kg), which on average also gives a rise in price by 1.5 times compared to last week.

See also: Potatoes rose in price in Ukraine, and carrots – in Poland. Weekly review of the 12th week of 2020.

Market participants explain the rapid rise in prices for root crops with a seasonal reduction in supply, especially high-quality products, as well as increased demand from local wholesale companies and retail chains.

Despite the rise in price in the root crop segment, today carrots in Ukraine are offered for sale on average 34% cheaper than in the same period last year. Beet prices for the year fell by an average of 47%. At the same time, market analysts are sure that this is not the limit and the prices for these products will continue to rise. They explain their opinion by the limited reserves of carrots and beets in Ukrainian households. At the same time, the market players are not even able to partially cover the deficit with imported products, including from Poland, due to a temporary ban on the import of imported products into Ukraine due to the coronavirus epidemic.

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