A downward trend has started on the Ukrainian carrot market at the beginning of the week, analysts of the EastFruit project report. The main reason for the reduction in carrot price was the increase in the supply on the market. Most Ukrainian farmers considered it inexpedient to continue storing carrots and started selling large volumes of carrots from storage facilities, which immediately affected prices in the segment.
Today Ukrainian farmers sell carrots at 18-25 UAH/kg ($0.49-0.68/kg), which is on average 18% cheaper than a week earlier. According to key market players, the increase in the supply of carrots from local farms has a negative impact on prices in this segment. Due to power outages, the quality of produce in smallholder storage facilities is rapidly deteriorating, forcing farmers to sell their stocks. At the same time, market players note that large farmers are sufficiently provided with generators and do not experience problems with storage. In this regard, they prefer to suspend the sale of carrots, given the rather large supply on the market.
It is worth adding that, despite the price decline, today carrots in Ukraine are on average 1.9 times more expensive than in the same period last year. Market analysts still do not rule out that the situation in the segment may change dramatically soon, since the carrot harvest this season was rather modest, and stocks of quality carrots on farms are also quite limited.
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