In Ukraine this week there is a tendency of reduction of prices for white cabbage, analysts of EastFruit project report. Producers attribute this price situation to the excess of production in the market, and a significant part of the market supply is cabbage of medium-late varieties, which is not suitable for long-term storage.
At the moment, the prices for white cabbage are voiced by producers within the range from 15 to 23 UAH/kg ($0.36-0.56/kg), which is on average 16% cheaper than at the end of last week. Market participants explain the wide price range in this segment by different qualitative characteristics of the offered vegetables.
According to the project analysts, most farms are still active harvesting works, as a result of which the supply on the market is growing. At the same time, the demand for these products remains extremely low. Wholesale companies and retail chains are ready to purchase only in small wholesale, referring to the very limited period of realization, as most farmers offer for sale cabbage of low quality.
It should be noted that despite the negative price trend, the current prices for white cabbage in Ukraine are on average 2.9 times higher than in the same period last year. At the same time, market participants do not exclude that prices for this product will continue to decline, as many farms are actively harvesting due to improved weather conditions. As a result, the gradual growth of cabbage supplies to the market will force agrarians to continue to concede in price, if the situation with the rate of sales does not change.
You can get more detailed information about the market development of white cabbage 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.
