In Russian markets, the prices for carrots are on the rise. The price increases are due to the fact that many local producers are running out of stocks of high-quality carrots, the harvest of which was rather modest this year.
Since the start of this week, this vegetable crop on the Russian market has risen in price by an average of 15%. Today, growers are ready to ship carrots at 14-23 rubles/kg ($0.19-0.31/kg) depending on the quality and region of supply.
Many growers have already managed to sell their pledged products as most of the larger farms carry out shipments exclusively under concluded contracts. Today, the price of carrots in Russia is already 1.6 times higher on average than at the end of January 2020. Industry experts explain this price difference by a decrease in this season’s crop yield in Russia due to unfavourable weather conditions.
Photo source: Dreamstime.com