Russian carrot price forecast for 2022-2023

In January-June 2022, in the context of a limited supply of carrots harvested in 2021, carrot prices -according to the forecasts of the Expert and Analytical Center for Agribusiness "AB-Center"- will be at consistently high levels compared to a year ago.

It is highly likely that by mid-March 2022, the average wholesale prices for carrots will exceed 28,0 rubles/kg (at the beginning of January they were 20,5 rubles/kg excluding VAT, and by the end of April their level will exceed 30,0 rub/kg).

Forecast of significant weakening of carrot prices in the 2022/2023 season
In the second half of 2022, with the expected recovery in collections, carrot prices will drop significantly. Growth in fees will occur in the context of expanding the size of sown areas. Much will depend on the amount of fees. According to the forecast data from AB-Center, carrot harvests in the vegetable growing industry in 2022 will reach a record high of 976,1 thousand tons. This volume is limited to the volume that will cause an "overproduction crisis".

The previous record was set in 2019, when 963,9 thousand tons were harvested. Then, in September 2019, the average wholesale prices for carrots were only 9,7 rubles / kg. For comparison, in September 2020 they grew to 13,1 rubles/kg.


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