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Russian farmers raising carrot prices

Due to a general shortage of supply, the prices for carrots in Russian markets  began to rise. Today, Russian farmers make the main deals at 23-31 cents per kilogram, which is on average 15% more expensive than at the end of the last working week.

According to market players, the rise in prices is caused by a rather high demand for high-quality carrots in conditions of limited supply. Wholesale companies and retailers are actively buying these products, while the stocks of carrots in farm vaults are rapidly declining. Many farmers managed to sell products pledged for storage, most large farms only ship their shipments under contracts.

It is worth adding that today the price of carrots in Russia is on average 36% higher than at the end of March 2018. However, according to a-ipp.ru/en, most manufacturers believe that the price of these products will continue to grow, and the rate of appreciation will accelerate as stocks decrease in warehouses. They explain this opinion by the lack of substantial competition from imports.

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