Ukrainian growers started raising prices for table beets this week, analysts of the EastFruit project report. The rise in their prices and high demand led to the supply of imported table beets. The first batches of table beets produced in Poland became available on the Ukrainian market this week.
According to the daily monitoring of the project, prices for table beets increased by an average of 1.5 times over the week, and today Ukrainian farmers are ready to ship them at UAH 9-12/kg ($0.34-0.45/kg). Market participants explain such a rapid rise in prices by a rather limited supply of table beets on the market. Most growers prefer to abandon their sales in the hope of further price increases in this segment.
Traders immediately reacted by starting to supply Polish beets to Ukraine this week. Today, the volumes are small, and the selling prices for imported table beets are announced in the range of 8-8.50 UAH/kg ($0.30-0.32/kg).
Thus, table beets in Ukrainian farms cost on average 3.3 times more now than at the end of November 2020. At the same time, if Ukrainian growers continue to refrain from selling them, most of the key market players assume that imports from Poland may sharply grow next week.
We will talk in more detail about the sale of vegetables in borscht set in supermarket chains in Ukraine on December 2 at the first international conference “Retail Forum-2021“. We will also discuss investments in fruit and vegetable production under cover at the 17th international conference “Fruits and Vegetables of Ukraine-2021. New investment opportunities” the next day, on December 3.
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