Carrot prices in Uzbekistan fell by 30% in a month • EastFruit

The typical wholesale value of this 12 months’s carrots in Uzbekistan has decreased by 30% over the previous month. This was brought on by a rise in provide out there as a result of harvesting of a brand new crop and comparatively low demand from carrot exporters, EastFruit consultants word.

In accordance with value monitoring, from October 21 to November 18, 2022, the typical wholesale costs for carrots from the present 12 months’s harvest in Uzbekistan decreased from 5 000 to three 500 UZS/kg (from $0.45 to $0.31). As of November 18, 2022, the typical wholesale value for carrots is 17% larger in comparison with the identical date final 12 months.

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Producers and market members establish two principal causes for the decline in carrot costs. The primary is a rise in carrot provide on the home market attributable to a brand new harvest since late-ripening carrots planted in the summertime are harvested in Uzbekistan in October-November. The harvest of such carrots is estimated pretty much as good within the present season. The second cause is the lower in demand for carrots from exporters in comparison with the identical interval final 12 months. In accordance with preliminary official statistics, during the last month – from October 21 to November 20, 2022 – Uzbekistan exported 2 400 tonnes of carrots, which is 2.2 occasions much less in comparison with the identical interval final 12 months. It needs to be famous that the degrees of wholesale costs for carrots on this interval of the present 12 months have been about the identical as final 12 months.