According to analysts from EastFruit, producers are currently selling this root vegetable at a price of 14-18 hryvnias per kilogram (approximately $0.33-0.43), which is 24% higher than a week ago. But what is driving this price increase, and how long will it last?
Shortage of Quality Products
One of the main factors contributing to the rise in beet prices has been the decrease in the supply of high-quality products. Market participants note that seasonal sales of beets from uncooled storage facilities have nearly come to an end, and the volume of substandard products has also sharply declined. As a result, the demand for high-quality products has significantly increased, which has understandably led to a rise in prices.
Purchaser Activity Fuels the Market
Retailers and wholesale companies, concerned about dwindling stocks, have ramped up their purchases, further driving price increases. Compared to the same period last year, the price of beets has already risen by 35%, and there are currently no signs of a rapid decline.
Possible Slowdown in Price Growth
However, experts believe that the price increase may be temporary. If prices continue to rise, farmers will start selling their stored supplies more actively, which will increase supply and potentially stabilize the market.
Will beets remain an expensive product, or will they decrease in price soon? The answer to this question depends on the behavior of producers and future demand trends. However, for now, consumers should prepare for higher prices on this popular vegetable.