Root crop prices are falling in Ukraine

Over the past few weeks, there has been an excess supply of root crops from local farms on the Ukrainian market, according to analysts of the EastFruit project. Producers report that sales are being carried out in extremely small batches. Also, buyers often insist on lower prices, citing the abundant supply of these vegetables on the market.

At the moment, growers are offering carrots for between 3 and 5 UAH / kg ($ 0.11-0.18 / kg), depending on the quality and volume of the batch, while in the previous week, the price for this product was on average 20% higher. Meanwhile, producers are ready to ship beets for UAH 2-3.5 / kg ($ 0.07-0.12 / kg), which is on average 16% cheaper than a week earlier. At the same time, the demand for root crops today is very low, while the supply of these products is constantly increasing due to the seasonal factor.

It is worth noting that at the moment, carrots in Ukraine still cost 11% more on average than at the end of September 2019. However, beets have declined in price by an average of 22% compared to a year earlier. For their part, growers do not yet expect an improvement in the situation, since the supply of carrots and beets is currently excessive, and it is not yet possible to reduce it due to low sales rates.



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