Information for fruit and vegetables business in CIS
Prices on carrot and red beets jumped up in Zakarpattya, but decreased in other regions of Ukraine
The monitoring of retail prices on Ukrainian market conducted by Agricultural Marketing Project (AMP) past week showed an abrupt (on 20%) retail price growth on red beets and carrot in Uzhgorod. It seems to be the result of supply decrease of these commodities from the other regions of Ukraine in connection with the reduction of business activities level. For information, Zakarpattya oblast produces an insufficient quantity of red beets and carrot to satisfy the demand fully in this region; so the market prices often depend on the stability of supplies from Lviv and other oblasts.
At the same time retail prices on carrot and red beets in other regions of Ukraine continued to go down because of the obvious overproduction of these commodities this year. Following the weekly results, the average decrease of the retail price on carrot was 12%, besides, the down price level went down on 15% at once. Red beets price decrease was not so intense; it was only 3-5% in average past week.
It means that the pressure on wholesale prices on red beets and carrot is preserved on the Ukrainian market. Nevertheless we hope for price stabilization, if the political situation would be settled and the demand on these commodities would grow.
The largest overproduction of red beets in Ukraine, according to AMP evaluations, is traditionally observed in Lviv, Ivano-Frankivsk, Chernivtsi and Zhytomyr oblasts, and the greatest deficit - in Donetsk, Kyiv and Lugansk oblasts. The most significant carrot overproduction is usually observed in Volyn, Cherkasy and Rivne oblasts, and deficit is usual for Donetsk, Lugansk and Dnepropetrovsk oblasts. The average self-cost of carrot production is about USD $ 0.03/kg, of red beets production - USD $ 0.02/kg, according to AMP evaluations.