Shortage of Quality Potatoes in Russia is Driving Prices Up
A shortage of supply of quality potatoes in Russia has stimulated an active increase in prices in this segment, EastFruit.com project analysts said. So, according to the daily monitoring, the limited supply of high-quality potatoes, as well as the increased demand for these products by wholesale companies and retail chains, allowed the Russian producers to increase selling prices for potatoes.
Today, farms manage to ship high-quality potatoes at a price of 8-15 rubles / kg (USD0.11-0.20 / kg), which is on average 10% more expensive than at the end of the last working week. At the same time, some farmers also declare higher prices, but they admit that buyers do not yet agree to such conditions.
According to market players, at the moment, stocks of high-quality potatoes in Russian farms are already very limited, while the demand for these products is booming. This is the main reason for the price increase. Under the current conditions, farmers have managed to raise prices for lower-quality products as well.
It is worth noting that, despite the rise in price of potatoes, the prices today are still on average 6% cheaper than they were in the same period last year. At the same time, most market operators are confident that the positive price dynamics in the potato segment will continue.