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Early potatoes in Uzbekistan fell in price by 25% in two weeks

The first wholesale batches of early potatoes of the new harvest became available on the markets of the capital of Uzbekistan in the second week of March 2022, and by the end of the month, their prices had decreased by 25%.

According to the Uzbek EastFruit team, the first wholesale batches of early potatoes of the current year’s harvest were available in the markets of the capital of Uzbekistan on 11-17 March 2022, at about the same time and at the same price as last year. From 17 to 31 March 2022, their average wholesale prices decreased from 16 000 to 12 000 UZS/kg (from $1.38 to $1.05), i.e. by 25% in two weeks. In addition, as of the end of March 2022, the average wholesale prices for early potatoes were 14% lower than at the same date in 2021.

Prices for early potatoes tend to decline rapidly as supply volumes increase in the wholesale markets. If we assume that their price will decrease at about the same rate as in previous years, then we should expect wholesale prices for early potatoes in the range of 5 000-6 500 UZS/kg by the end of April 2022.

Meanwhile, wholesale prices for last year’s potatoes (harvest 2021) in Uzbekistan currently correspond to last year’s levels. As of March 31, 2022, their average wholesale price was 4 000 UZS/kg ($0.35) – 3 times cheaper than early potatoes. However, both early potatoes and last year’s potatoes are in demand.

EastFruit

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