Information for fruit and vegetables business in CIS
Fruit and vegetable prices jump in Ukraine
Fruit-Inform's Ukrainian fresh produce price index jumped by 15.4% last week after more than 2-month lull and fluctuations of about 1.5%. Fruit and vegetable prices jumped due to difficult weather conditions in the country, which led to irregular shipments. Furthermore, the market was influenced by a seasonal factor of a decrease in stocks of high-quality produce. For comparison, in the previous season, prices grew just by 1.5% in the last week of March; and their levels were 30% lower than current prices.
“The most significant price growth was registered in the segment of traditional vegetables (onions, white cabbage, beetroots, carrots), which became averagely 26% more expensive. Potato prices also grew by 18.2% last week”, says Ms. Tetiana Getman, Head of Fruit-Inform. “In addition to logistics problems caused by bad weather conditions, the price growth was backed by lower stocks of high-quality produce and Russian importers' higher demand for Ukrainian vegetables”.
An increase of 8.3% in the fruit price index was registered thanks to higher prices of bananas and apples in Ukraine. According to Fruit-Inform analysts' estimates, banana prices may go down this week, whereas apple prices will most likely continue to grow.
We would remind you that more information about current developments and future prospects in the Ukrainian and Russian fruit and vegetable markets is available for subscribers of Fruit-Inform Weekly service package.