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Price of cabbage in Ukraine doubles over one week due to stable high demand – EastFruit
KYIV. March 1 (Interfax-Ukraine) – Ukrainian producers offer white cabbage at UAH 12-18 per kg ($0.33-0.49 per kg), which is on average twice as expensive as a week earlier, according to a Wednesday report the EastFruit information and analytical platform.
According to the report, Ukrainian producers can increase the price of well-preserved cabbage by reducing supply from unequipped storage facilities. An increase in demand for this vegetable from wholesale companies also adds to its price.
“The lull that has persisted in the Ukrainian market of white cabbage for more than two months has been replaced this week by a rapid rise in the cost of this product. The rapid rise in prices, according to market participants, is facilitated by the high demand for white cabbage, while the stocks of this product in Ukrainian farms are depleted. However, the main factor behind the increase in prices for white cabbage is its low market supply and consistently high demand,” EastFruit said in the statement.
The organization said that the yield and quality of white cabbage during the current season were affected by adverse weather conditions, which also affected its value. At the same time, local farmers plan to continue making attempts to increase selling prices in this segment. They explain their intentions by the growing demand for these products, which is the main reason for the price hikes.