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Early potato prices collapse in Russia

Harvesting of early potatoes is now in full swing in the Krasnodar and Stavropol regions, as well as in the Astrakhan and Rostov regions. Given the harvesting in the southern region, prices for potatoes of the new harvest in Russia have dropped sharply since the beginning of this week.

In this regard, the supply of potatoes on the market has grown sharply, and their prices have fallen to 16-25 RUB/kg ($ 0.22-0.35/kg) since the beginning of the week, which is on average 27% cheaper than at the end last work week.

Key market player forecasts for local potato growers are not optimistic. On the one hand, there are only periodic rains in many regions of the Russian Federation this week, creating good preconditions for the growth of potatoes. On the other hand, the increasing supply of potatoes on the market is likely to further reduce the selling prices in this segment. reports that to date, YoY selling prices for potatoes in Russia have already dropped to the level of last year. Moreover, most producers believe that prices will continue to decline next week, as the supply of early potatoes will continue to increase.

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