The Ukrainian carrot market in Ukraine is facing a slump in prices, according to EastFruit analysts. Farmers are currently offering carrots at 8-12 UAH/kg ($0.21-0.32/kg), which is about 17% less than last week. The producers blame the oversupply of carrots from local farms for the price drop.
The warm weather has also affected the quality of the product, making it spoil faster in the storage facilities of small farms. As a result, farmers are trying to get rid of their excess stock. Meanwhile, large producers, who have adequate storage capacity, are holding back their sales, hoping for a better market situation.
However, the market situation is not likely to improve soon, as the price of carrots in Ukraine has already fallen by 53% on average since early February 2023. The low trading activity in this segment also indicates a weak demand for this product.
Potato prices down for the first time since October 2023
According to the EastFruit, the Ukrainian potato market has seen a sharp drop in trade activity. An increase in the supply of potatoes has driven down the prices in this sector. Farmers who had been raising potato prices almost every week since mid-October 2023 are now forced to lower them. As of today, potatoes are sold for 16-22 UAH/kg ($ 0.43-0.59/kg), which is 11% lower on average than the previous week.
The potato supply on the Ukrainian market surged at the end of last week, as farmers who had held back from selling in hopes of higher prices started to unload their stocks. They made this decision because of the fast decline in potato quality in storage.
Meanwhile, farms with high-quality potatoes are holding off on selling, as they expect the demand for potatoes to pick up by the end of this month.
For more information: east-fruit.com