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Carrot prices in Ukraine have doubled compared to last year

Prices for carrots in Ukraine have increased this week, according to analysts of the EastFruit project. According to key market players, the rise in prices is due to the intensification of trade, since wholesale companies and retail chains have started stocking for the New Year holidays.

Today, growers in the main production regions ship high-quality carrots at 6-8 UAH/kg ($0.22-0.29/kg), which is on average 17% more expensive than at the end of the last week. It is worth noting that most farms have suspended sales of carrots in anticipation of an even greater rise in prices and laid the bulk for storage. They offer only surplus for sale, and as a result, the supply on the market has slightly decreased. This, in turn, contributed to the growth of selling prices in this segment.

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Note that the price of high-quality carrots in Ukraine is now two times higher on average than last year. Nonetheless, market participants do not exclude that the upward trend in prices may be a temporary phenomenon. In their opinion, a further price rise may encourage growers to start selling carrots from storage, which will lead to an increase in supplies and a decrease in prices.

EastFruit

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