Positive price trends have been established on the carrot markets in Ukraine this week, EastFruit project analysts report. According to market players, a noticeable increase in the trading of carrots contributes to the price increase. At the same time, most farms have suspended sales of high-quality carrots in anticipation of an even bigger price increase and have stored the bulk of the crop for storage. They offer only surpluses for sale – as a result, the supply on the market is somewhat limited.
Today, Ukrainian farmers ship high-quality carrots at 15-20 UAH/kg ($0.41-0.55/kg), which is 13% more expensive on average than at the end of last week. It should be noted that there is an upward price trend only in the segment of high-quality carrots, which are purchased for storage. Carrots unsuitable for long-term storage are offered by farms from UAH 10/kg ($0.27/kg).
Carrots in Ukraine are currently on average 2.9 times more expensive than in the same period last year. Industry experts attribute this difference in prices to a sharp decline in carrot production in the country. According to key market players, the reason was a large reduction in the area planted with carrots. Many farmers either significantly reduced their plans for growing carrots, or stopped their production, due to military operations in the main regions of carrots cultivation.
Source: EastFruit