Russian growers are forced to further reduce the prices for carrots given their growing supply on the market, analysts of the APK-Inform: Vegetables and Fruits project report. According to key market players, this is quite typical for this period, since growers have entered the peak phase of harvesting medium carrots.
Today, growers in the main production regions sell carrots at no more than RUB 16-25/kg ($ 0.22-0.34/kg), which is on average 15% cheaper than at the end of the last working week.
According to growers, the decrease in prices is due to the seasonal increase in the supply of carrots in the market. In addition, the pressure on prices is exerted by low demand. Wholesale companies and retail chains purchase carrots only in small batches, explaining this by the extremely low rates of retail sales.
Nevertheless, even after a decrease by an average of 13%, prices for carrots in the Russian Federation are now higher than in the same period last year. At the same time, growers note that as the supply of carrots in the market grows, their demand decreases, which forces farmers to consider further price reductions in this segment.
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