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Prices for early potatoes in Moldova are unusually stable. What are the reasons?

The average wholesale price for this year’s potatoes has been relatively stable on the Moldovan market for the fourth week. The price decreased by about 13% over 4 weeks – to 9 MDL/kg ($0.47/kg) on ​​average. At the same time, the levels of the average starting and current wholesale prices in 2022 are the highest in the five years, EastFruit analysts say.

The relative stability of the wholesale price of potatoes looks unusual if we consider the significant fluctuations in retail prices from week to week, as well as on weekdays and weekends in city markets, street vendors and boutiques – 6-15 MDL/kg ($0.31-0.78/kg). Retailers attribute the situation, firstly, to the abrupt demand for potatoes from household consumers, and secondly, to a very heterogeneous product quality.

Wholesalers claim that prices for high-quality new potatoes are kept at a relatively high level due to the growing demand from HoReCa and, especially, supermarket chains. Many of them switched from Macedonian and Greek potatoes to Moldovan ones in the second half of June. Moreover, potatoes are one of the few goods in the fruit and vegetable departments of supermarkets, the quality of which is comparable or exceeds the quality in markets.

In addition, according to experts from fruit growing organizations, the relatively high prices for potatoes this summer result from the reduction in plantations area (by about 2 000 ha – up to 16 000-17 000 ha), as well as the increase in the costs of potato growers, especially for water, fertilizers and energy. Obviously, the hot weather without precipitation for almost a month and the absence of exports, in contrast to some previous seasons, are not helping to change the situation.

EastFruit

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1 comment

Asim Rana 4 Aug 22 at 00:51

Potato Prices Analysis Pakistan
After observing lowest prices at the time of record harvest, Potato Prices have remained stable for 3 consecutive months from May onwards.
Pakistan Observed record production of potatoes almost 75,00,000 ton. Despite of many hard times during crop season due to weather the humble potato which was parked in cold storages have stabilized prices.
During February to April the prices remained at lower side. Thanks to Low production in Russia, Tajikistan, Uzbekistan , during 2021 crop season l, these countries demanded bulk quantities from early Sowing.
2022 year observed political turmoil causing financially destabilizing stock exchange and descending currency values against US Dollars,
Increased fuel and electricity prices also affected potato prices in cold storages.

It is estimated that in stock potatos are sufficient for local seed and food demands up to December 2022, it is also worth noting that
in December new harvest will also be started .

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Asim Rana

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