Business news from Ukraine

Business news from Ukraine

Carrots are becoming more expensive in Ukraine

8 January , 2025  

Prices for carrots in Ukraine have been rising for several weeks, analysts of the EastFruit project report. Experts explain the rise in prices for this product by the fact that many local producers have exhausted stocks of quality root crops, whose harvest in 2024 was significantly affected by unfavorable weather conditions.

At the moment, the price range for carrots is already voiced in the range of 25-32 UAH/kg ($0.59-0.76/kg), depending on the quality and volume of offered batches of vegetables, which is on average 10% more expensive than a week earlier.

Market participants explain another price increase in this segment by stable demand for quality carrots. At the same time, the supply of these root crops on the Ukrainian market has noticeably decreased this week. Many producers have already announced the end of the season of realization of available stocks of products. Some farms offer for sale residual lots or refrain from selling at all, hoping to realize vegetables closer to spring at higher prices.

It should be added that today the price of carrots in Ukraine is already on average 2.3 times higher than in early January 2024. Industry experts explain this price level by the reduction in the harvest of this product in the current season due to weather anomalies in the summer.

You can get more detailed information about the development of the market of carrots and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available at here.

EastFruit

 

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