EastFruit analysts are monitoring the dynamics of wholesale prices for fresh vegetables in Uzbekistan, which sharply increased just a few days after it got anomalously cold there – starting from January 10, 2023. We reported a sharp increase in prices for onions, potatoes, carrots and greenhouse products at the end of last week. Prices for onions and carrots increased the most.
Wholesale prices for the main vegetables in Uzbekistan kept growing over the past week, while the sharpest increase was observed in prices for onions and greenhouse red peppers.
Over the past two weeks, onions have become the leader in price growth.
If we compare to the prices on January 6, 2023, before the frosts, the average wholesale prices for greenhouse vegetables increased from 26% to 57% over the past two weeks, and prices or potatoes, onions and carrots increased from 25% to 60%.
According to EastFruit price monitoring, the average wholesale price increases from January 6 to January 20, 2023 were the following:
greenhouse green bell pepper – from 32 000 to 43 000 UZS/kg (from $2.83 to $3.81), i.e. by 34%
greenhouse red bell pepper – from 30 000 to 47 000 UZS/kg (from $2.66 to $4.16), by 57%
greenhouse red round tomato – from 15 000 to 19 000 UZS/kg (from $1.33 to $1.68), by 27%
greenhouse cherry tomato – 43 000 to 55 000 UZS/kg (from $3.81 to $4.87), by 28%
potatoes – from 4 000 to 5 000 UZS/kg (from $0.35 to $0.44), by 25%
onion – 5 000 to 8 000 UZS/kg (from $0.44 to $0.71), by 60%
carrots – from 3 300 to 4 500 UZS/kg (from $0.29 to $0.40), by 36%.
As you see, the leader in price growth is onion, which Eastfruit analysts have repeatedly paid attention to. We wrote about the reasons for such a sharp increase in onion prices in Uzbekistan and possible developments in the domestic onion market, as well as a temporary ban on the export of onions from Kazakhstan, the main supplier of onions to Uzbekistan in 2022 and early this year. Moreover, on January 19, 2023, EastFruit published extensive analytical material on the prospects for reaching the wholesale price for onions of $1/kg, which market participants in Eastern Europe and Central Asia are discussing.
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