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Carrot prices rise on Russian market due to rapid decline in local supply

The Russian market is witnessing a rapid rise in prices for carrots, according to the analysts at the EastFruit project. They explain the increase in this product’s price by the fact that many local producers are running out of stocks of high-quality carrots, the harvest of which was rather modest this year.

According to the data from our daily monitoring, since the beginning of this week, this root crop on the Russian market has risen in price by an average of 15%. Today, farmers are ready to ship carrots at 14-23 rubles/kg ($0.19-0.31/kg) depending on the quality and region of supply.

Read also: Greenhouse cucumbers rapidly becoming more expensive in Russia

EastFruit experts explain the upward price dynamics on the Russian carrot market by the rapid decline in supply from local farms. Many farmers have already managed to sell their pledged products as most of the larger farms carry out shipments exclusively under concluded contracts.

It should be added that today the price of carrots in Russia is already 1.6 times higher on average than at the end of January 2020. Industry experts explain this price difference by a decrease in this season’s crop yield in Russia due to unfavourable weather conditions.

EastFruit

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