Reduced export demand led to a sharp reduction in the cost of early potatoes in Ukraine


Reduced export demand led to a sharp reduction in the cost of early potatoes in Ukraine

06/26/2020

Today, Ukrainian farmers are ready to ship early potatoes on average 20% cheaper than at the beginning of this week

In the Ukrainian market, there is a tendency to rapidly reduce prices for potatoes of a new crop, according to analysts of the EastFruit project. Market operators consider the main reason for the negative price trend to be a noticeable decline in the interest of exporting companies in the purchase of these products.

See also: Ukraine completely got rid of its dependence on the Russian market in the fruit and vegetable sector

As a result, today Ukrainian farmers are ready to ship early potatoes at a price of 8-12 UAH / kg ($ 0.30-0.45 / kg), which is on average 20% cheaper than at the beginning of this week. Manufacturers were forced to yield in price for a number of reasons. So, in addition to seasonal supply growth, pressure on prices was exerted by a decrease in the purchasing activity of exporters. As a result, producers were forced to sell almost the entire volume of early potatoes on the domestic market of the country.

We add that even after a significant decrease, the price of early potatoes in Ukraine at the moment is on average 14% higher than in the same period last year. At the same time, farmers do not exclude the possibility that next week prices for these products will go down again in the event of a further lack of export.

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