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    Uzbekistan

    Carrot prices surge in Uzbekistan

    Carrot prices surge in Uzbekistan

    The cost of carrots in Uzbekistan has experienced a consistent upward trajectory for the second consecutive week, causing significant concerns within the agricultural and consumer sectors. Over the past two weeks, wholesale prices for carrots have surged by a remarkable 22%, posing challenges for both producers and consumers. Analysts from EastFruit, a prominent agricultural market analysis platform, have noted that current wholesale prices are now over 1.5 times higher than those recorded last year.

    Photo: The price monitoring data collected from July 28 to August 11, 2023, illustrates a substantial escalation in the average wholesale price of carrots harvested this year in Uzbekistan.
    Source: EastFruit

    The price monitoring data collected from July 28 to August 11, 2023, illustrates a substantial escalation in the average wholesale price of carrots harvested this year in Uzbekistan. Within this two-week span, prices have surged from 4,500 to 5,500 Uzbekistani sum per kilogram (equivalent to $0.39 to $0.46). This surge translates to a remarkable 57% increase compared to the same date last year.

    The recent escalation in wholesale prices for this staple vegetable has been noteworthy due to its successive nature. Following a first-time seasonally driven increase in the prior week, prices continued to rise in the subsequent week, resulting in a widening gap between this year's prices and those of the previous year. This dynamic trend is visually represented in the provided chart.

    The current pricing scenario for carrots of this year's harvest in Uzbekistan stands as one of the highest among countries under EastFruit's weekly price monitoring purview for fruits and vegetables. Only Georgia reports higher prices, with an average wholesale price of $0.61 per kilogram as of August 11, 2023. The escalating prices in Uzbekistan place it ahead of Moldova ($0.45), Ukraine ($0.38), Poland ($0.27), and Tajikistan ($0.23).

    Comparative analysis with neighboring Tajikistan draws attention to the significant variance in carrot prices. The average wholesale price of carrots in Tajikistan is exactly two times lower than that in Uzbekistan. This divergence underscores the influence of diverse factors including production conditions, supply chains, and market dynamics that shape vegetable prices.

    The surge in carrot prices has sparked concerns across various sectors, including agriculture, commerce, and consumer spending. The affordability of this staple food is a pressing issue as it directly impacts households' food budgets. This price escalation highlights the broader challenges within the agricultural supply chain and the potential impact on food security in the region.

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    13.08.2023, 18:45   Comments (0)   1792
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