Business news from Ukraine

Business news from Ukraine

Prices for carrots in Ukraine have gone down

According to the project’s weekly monitoring, since the beginning of this week alone, carrots on the Ukrainian market have fallen in price by an average of 10%. Today, producers offer these root crops for sale at 23-30 UAH/kg ($0.54-0.71/kg), depending on the quality and volume of the batch. It should be noted that producers are forced to make such price adjustments even in the face of limited supply of quality carrots on the market.

According to the producers, the pressure on prices is exerted by a very restrained demand for medium and low quality vegetables. Wholesale companies and retail chains are willing to buy these root vegetables only in small batches, explaining their decision by the extremely low retail sales.

This season, producers attribute the problems with the quality of vegetables to unfavorable weather conditions during the growing season and harvesting. Starting in the second summer month of 2024, Ukraine experienced dry, hot weather that prevented the plantations from developing normally. Last fall, due to heavy rainfall during the harvest, farmers were forced to store products with high humidity.

However, despite the reduction in the price of carrots, today these root crops are offered for sale in Ukraine on average 2.2 times more expensive than in mid-January last year.

You can get more detailed information on the development of the carrot market and other fruit and vegetable products in Ukraine by subscribing to the operational analytical weeklyEastFruit Ukraine Weekly Pro. Detailed product information is available here.

Source: https://east-fruit.com/novosti/v-ukraine-nachala-deshevet-morkov/

Ukraine to increase sown areas for onions, carrots and other vegetables – minister

Ukrainian agrarians in 2023 plan to increase sown areas under onions, carrots and other vegetables, which will allow for a larger than in 2022 harvest, First Deputy Minister of Agrarian Policy and Food Taras Vysotsky said.
“The Ministry of Agricultural Policy and Food is working to fill the market and stabilize prices. This should be done not through regulation or limitation but through market mechanisms. Because regulation of prices, as practice shows, is realized in the shadow turnover,” – said the official on the air of the marathon “Unified News”.
Speaking about the current prices of vegetables, Vysotsky said that the prices of vegetables are the highest in spring, which is explained by the seasonal factor.
In addition, according to him, their cost was affected by two other factors. “First, the energy crisis created by the aggressor country prevented a large part of the harvest from being saved. Second, many vegetables, primarily onions and carrots, were grown in the Kherson and Zaporozhye regions. Because of the occupation of these regions, vegetables were not available to Ukrainian consumers,” Vysotsky said and expressed confidence that prices would go down with the arrival of the new crop.
According to Gosstat, prices for vegetables in Ukraine for the year to the beginning of March rose by 36.2%, fruit – by 74.9%, while inflation was 24.9%.

, ,