Potatoes are getting cheaper in Ukraine: what are the reasons?
28 December 01:18
According to the daily monitoring of the EastFruit project, this week the potato market in Ukraine has seen a decline in trading activity. Despite the hopes of farmers that this product would once again rise in price on the eve of the New Year holidays, selling prices for potatoes in Ukraine have begun to decline. Wholesale companies, in turn, see no reason to raise prices and increase the volume of purchases of this tuber, as consumer demand for this product has significantly decreased, reports "Komersant Ukrainian".
Thus, as of today, quality potatoes go on sale in the range of 6-12 UAH/kg ($0.14-0.29/kg), which is on average 10% cheaper than at the end of the last working week.
The reason for the slight decline in prices in this segment was both the weakening demand for potatoes and stable supplies of these products from local farms. At the same time, most of the key market players note rather low quality characteristics of potatoes, which, in turn, affected the sales of this product in the domestic market.
It is worth noting that as of today, potatoes in Ukraine are on sale on average 61% cheaper than at the end of December last year.
