Ukrainian producers of carrots continue to confidently increase selling prices for their products, according to analysts of the project EastFruit. Market operators explain the next rise in prices in this segment by the increased demand of wholesale companies and retail chains, which continue to buy these root crops for further realization.
Thus, only since the beginning of the current week carrots have grown in price up to UAH 23-30/kg, ($0.55-0.71/kg), depending on the quality and volume of the offered batches of products, which is on average 15% more expensive than at the end of the last working week.
Producers argue the price growth in this segment for several reasons at once. First of all, the upward price trend is associated with a noticeable reduction in the supply of substandard products, as supplies from unequipped warehouses have fallen to a minimum. At the same time, the demand for carrots remains quite active. It is also worth noting that some large farms are still holding back sales of this root vegetable of high quality in the hope of further price growth.
To date, carrots in Ukraine are already on sale on average 2.6 times more expensive than in the same period last year. At the same time, market operators note that the rise in prices has not contributed to a decrease in demand for carrots, so they do not exclude that next week farmers will make attempts to once again raise prices in this segment.
More detailed information about the development of the market of carrots and other fruit and vegetable products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.
