A decrease in prices is observed this week in the segment of carrots in Ukraine, analysts of the EastFruit project report. According to market participants, extremely low sales rates, as well as a seasonal increase in the supply of carrots from farms, were the main reasons for the negative price trend.
Today, Ukrainian growers are trying to sell carrots in bulk at 12-16 UAH/kg ($0.09-0.14/kg), which is 28% cheaper on average than at the end of the last week. Producers are currently trying to sell carrots of low quality, not subject to long-term storage, which also significantly affects prices in the segment.
We also note that the improvement in weather conditions allowed growers to resume harvesting. As a result, the supply of carrots on the market keeps growing, but their quality characteristics do not always suit buyers, which in turn is another factor in the reduction in prices.
However, current prices for carrots in Ukraine are still on average 2.6 times higher than in the same period last year. According to key market players, prices in the segment will decrease until the onset of frost, after which they will stabilize.
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