Business news from Ukraine

Business news from Ukraine

Demand for potatoes is growing in Ukraine – EastFruit

5 September , 2024  

Demand for food potatoes is growing rapidly in Ukraine, according to analysts of the EastFruit project. Market participants attribute the price increase to the high demand for potatoes from local wholesalers and retailers. At the same time, the excitement in this segment is fueled by rumors of a shortage of quality potatoes this season.

Thus, Ukrainian farmers are currently offering potatoes for sale at 12-18 UAH/kg ($0.29-0.44/kg), which is on average 16% more expensive than at the end of the previous working week.

According to the producers themselves, the growth in sales was also facilitated by the decline in potato production in the country. The abnormal drought this year in the main producing regions has led to a significant decline in potato yields. In addition, unfavorable weather conditions had a negative impact on the quality of potatoes.

It is worth noting that currently the wholesale price of potatoes in Ukraine is on average 2 times higher than in early September 2023. At the same time, many market participants do not expect the weakening of trading activity in this segment in the near future.

You can get more detailed information about the development of the potato and other fruit and vegetable market in Ukraine by subscribing to the operational analytical weekly – EastFruit Ukraine Weekly Pro. More information about the product is available here.

Source: https://east-fruit.com/novosti/ocherednoe-povyshenie-tsen-na-kartofel-v-ukraine/

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