HomeNewsBeetroot price keeps falling in Ukraine
ExclusiveNewsTrending

Beetroot price keeps falling in Ukraine

Prices for beetroot have been decreasing in Ukraine for the second week in a row, analysts of the EastFruit project report. Market participants believe that the reason for such a price situation is the excess supply of beetroot on the market, while the demand is rather low.

Currently, the main sales of beetroot are at 12-16 UAH/kg ($0.33-0.44/kg), which is on average 27% cheaper than last week. Industry experts attribute the next decrease in selling prices in the segment to the oversaturation of the market with beetroots. Also, there is a significant decrease in demand for beetroot today, while the harvesting is quite active in almost all regions of the country. In such circumstances, producers are forced to make concessions to buyers and reduce selling prices.

Read also: Ukrainian plum growers ship the first batches twice cheaper than last year

However, even though the price of beetroot in Ukraine has been decreasing for the second week in a row, it is still much higher than last year. At the end of July 2021, beetroot cost on average 1.6 times cheaper than today.

EastFruit

The use of the site materials is free if there is a direct and open for search engines hyperlink to a specific publication of the East-Fruit.com website.

Related posts

Ukraine: carrot prices down again

EastFruit

Mandarins overtake bananas, but what about apples? Ukraine’s top 5 favorite winter fruits

EastFruit

Onion prices in Asia and Middle East are going up after extension of export ban by India

EastFruit

Leave a Comment