Potato prices surge again in Ukraine
Last week, Ukraine’s potato market has experienced a notable uptick in trading activity, according to analysts from the EastFruit project. Industry experts highlight that, in response to rising demand, farmers are continuing to increase their selling prices in this segment.
Currently, potato prices are being declared in the range of 22-30 UAH/kg ($0.53-0.72/kg), which represents an average increase of 22% compared to the previous week.
Market operators attribute this heightened trading activity to the growing interest from wholesale companies and retail chains, which have already begun stocking up for the New Year holidays. While further price increases in this segment are not ruled out, a sharp rise in prices is considered unlikely.
It is noteworthy that, as of today, potatoes in Ukraine are being sold at an average of 85% higher than during the same period last year. This significant price hike is primarily due to a reduction in potato production in Ukraine this year, largely caused by the drought that affected almost all major potato-growing regions during the summer.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
US and Ukraine are increasing their share of soybean supplies to the EU – UFOP
Rice imports to Ukraine increased in tonnage and decreased in monetary terms over ...
ADM tries to stimulate soybean sales among US farmers amid low prices
Russia lifted the ban on wheat imports from Kazakhstan
New quotas will reduce Ukraine’s agricultural exports to the EU by $1.1 bln ...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon