In Ukraine this week prices for imported tomatoes produced in Turkey have started to decrease, analysts of the EastFruit project report. The reason for this was a rather weak interest of wholesale companies and retail chains in the purchase of these products.
Today Ukrainian importers offer Turkish tomatoes for sale at 75-90 UAH/kg ($1.79-2.15/kg), depending on the quality and volume of batches, which is on average 14% cheaper than at the end of last week. At the same time, the supply of imported products is quite voluminous, while the demand for them is quite restrained. As a result, significant volumes of unsold products are accumulated in the warehouses of companies, due to which sellers are ready to concede in price.
Thus, during the week the supply of tomatoes from Turkey continued to increase, as a result of which the supply on the market remained excessive. Due to low sales rates, most wholesalers and retailers reduced the volume of tomato purchases and purchased new batches as the existing stocks were realized.
At the same time, it should be noted that prices for imported tomatoes in Ukraine are currently still 10% higher than in the same period last year. According to key market players, if the sales rates in the tomato segment do not accelerate in the near future, the decline in prices for these products may last until the end of February this year.
You can get more detailed information about market development of tomatoes and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
Ukrainian traders report a new wave of price cuts for imported tomatoes. Short-term, but noticeable increase in prices last week was one of the reasons for a sharp decline in demand for Turkish tomatoes from buyers, analysts of the project EastFruit. Also, the project experts note that this week only single batches of local greenhouse vegetables were on sale, due to the fact that the majority of greenhouse farms in Ukraine have already completed the season of realization.
At the same time, the supply of imported tomatoes in the Ukrainian market continued to increase gradually, which was the main reason for the price decrease in this segment. Thus, today greenhouse tomatoes are on sale at UAH 70-80/kg ($1.68-1.92/kg), which is on average 11% cheaper than at the end of the last working week. The main reason for the negative price trend in the segment of greenhouse tomatoes, producers call a sharp decline in demand for this product, as well as the quality of vegetables offered.
It should be added that today imported tomatoes in Ukraine are already sold on average 54% more expensive than in the same period last year. However, most representatives of wholesale companies do not exclude further price reduction. According to traders, if the current sales rates are maintained, they will be forced to concede in price again in order to prevent the accumulation of unsold products in warehouses.
You can get more detailed information about the development of the market of greenhouse tomatoes and other horticultural products in Ukraine by subscribing to the analytical weekly EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
