There is some oversupply on the carrot market in the Russian Federation, which is why growers have been forced to reduce the selling prices for these root crops, according to analysts of the EastFruit project. Experts point out that the main reason for the negative trend is the general increase in the supply of carrots on farms as the harvest develops.
According to the daily monitoring of the project, carrots on the Russian market have fallen in price by an average of 13% within a short time. The product is currently sold for 10-16 rubles / kg ($ 0.13-0.21 / kg), depending on the quality, while at the end of the previous working week, no transactions were made for less than 12 rubles / kg ($ 0.15 / kg).
It should be noted that in addition to weakening demand for carrots, the situation in this segment has been aggravated by stable supplies of this root crop from Belarus, which are offered on average at RUB 14 / kg ($ 0.18 / kg).
Given these conditions, a number of producers have already announced their decision to suspend the sale of carrots. It should be emphasized that in this case we are talking primarily about the growers of high quality products. They plan to resume sales only when the market situation improves. They believe that selling at the current prices is unacceptable, despite the fact that they are currently on average 11% higher than last year's.