Information for fruit and vegetables business in CIS
Ukrainian fresh produce price index down for 4th week in a row
Fruit-Inform Ukrainian fresh produce price index has decreased by 4.6% in the week from February 27th to March 4th. As a result, fruit and vegetable prices have been decreasing in Ukraine for the 4th week in a row, and the price index has gone down by 14.3% over that period.
«Low internal market demand and closer start of spring field works forced growers to reduce their prices of produce», says Ms. Tetiana Getman, Head of Fruit-Inform. «In addition, the market was under the influence of larger percentage of losses during storage; therefore, many sellers of traditional vegetables had to cut their prices to stimulate sales».
Traditional vegetables became 4.7% less expensive last week, and potato prices went down by 9.1%. The most significant decrease in prices of traditional vegetables was registered in the onion segment (-7.7% week-on-week), and white cabbage prices also went down.
Low demand also exerted pressure on prices of greenhouse vegetables, and tomatoes became 20% less expensive. Such a decrease in tomato prices was not compensated by a slight increase in cucumber ones registered thanks to relatively high export demand.
Fruit prices were stable in the majority of cases thanks to stability in the Ukrainian hryvnia exchange rates.
We would remind you that more detailed information about current developments in the Russian and Ukrainian fruit and vegetable market is available for the subscribers of Fruit-Inform service packages.