Tomatoes have risen in price in Poland, and all kinds of cucumbers – in Russia. Weekly review of the 12th week of 2020.


Tomatoes have risen in price in Poland, and all kinds of cucumbers – in Russia. Weekly review of the 12th week of 2020.

03/22/2020

A new wave of higher prices for tomatoes and cucumbers in the EastFruit region

By the end of the outgoing week in the monitoring region of the EastFruit project, new upward price trends began to be recorded more often, both in the segment of greenhouse tomatoes and in the segments of all analyzed types of greenhouse cucumbers. If you go back seven days, the cucumber market, in most countries of the monitoring region, was characterized by the prevalence of downward price trends, and greenhouse tomatoes rose in price only in the eastern countries of the monitoring region.

Tomato prices as of 03/20/2020

According to project analysts, round red greenhouse tomatoes continued to rise in price in both Uzbekistan and Tajikistan, which was caused by unstable deliveries of new batches of products to the market. First of all, due to overlapping borders between neighboring states, in view of the quarantine measures taken to curb the spread of the COVID-19 virus.

In Ukraine, throughout the reporting period, project specialists did not notice price fluctuations in the greenhouse tomato segment, but due to the significant devaluation of the national currency over the past seven days, prices in dollar terms showed a noticeable negative trend. The devaluation of the national currency was recorded this week in other countries of the monitoring region, in particular, such as Poland, Moldova and the Russian Federation, which was also the reason for the establishment of negative price dynamics in dollar terms.

Cucumber prices as of 03/20/2020

In the market for long smooth greenhouse cucumbers, after the prevalence of negative price trends in this segment, prices for these products went up immediately in half of the analyzed countries of the region. So, according to the results of the reporting period, long cucumbers rose in price in Russia, Tajikistan, and as much as possible, immediately by 50 dollar cents over the past seven days – in Georgia. In Georgia, where the highest prices for smooth cucumbers in the region were set the previous week, by the end of the reporting period a new price record was set with an indicator of $ 2.53 / kg. Local sellers reported an insufficient number of products on the market with consistently high demand from buyers.

The opposite situation in this market segment this week was observed in Uzbekistan, where the closure of borders with neighboring countries led to an excessive supply of smooth cucumbers in the domestic market, which was the main reason for the collapse of previously set prices to the lowest level among all analyzed countries – $ 0.53 / kg

In Poland and Belarus throughout the past week, project analysts also noted a slight excess of supply over demand, which, in turn, supported earlier established negative price trends.

Gherkin prices as of 03/20/2020

In the segment of short tuberous cucumber this week, EastFruit project analysts also noted the establishment of multidirectional price trends. While long smooth greenhouse cucumbers in Russia have risen slightly over the past seven days, problems with deliveries of new batches of short tuberous cucumbers to the market have been increasingly noted. And even despite the fact of a significant devaluation of the national currency in Russia over the past two weeks, by the end of the current reporting period, project specialists recorded an increase in prices for cucumber in Russia immediately by 40 cents.

At the same time, in the outgoing week in Ukraine, a collapse in prices for short tuberous cucumbers was recorded, and previous indicators only for the last week immediately fell by 65 cents. Naturally, the devaluation of the national currency in Ukraine contributed to the strengthening of the negative price dynamics in dollar terms, but nevertheless, the ever-increasing supply of products on the market had a major impact on price reductions.

Key news and analysis of the fruit and vegetable market on Facebook and Telegram East-Fruit.com

Subscribe!

Use of the site materials is free if there is a direct, open to search engines, hyperlink to a specific publication of the East-fruit.com analytical platform.






->

.