In the Russian early beet market, prices are declining. According to the daily monitoring of the EastFruit project, only since the beginning of this week this root crop has fallen in price by an average of 7%. The decline in prices for beetroots in 2019, according to project experts, is due to seasonal growth in supply and insufficiently high activity of buyers in this segment.
In particular, today, farmers offer beets of a new crop at 16-26 rubles / kg ($ 0,25-0,41 / kg). The cost reduction of this root crop, according to producers, is associated with a rather sharp increase in the supply of early beets in farms. Many farmers managed to begin harvesting, which they had previously been forced to put off due to rains. Low trading activity in this segment also negatively affects the price level.
Note that today the price of early beets in Russia is already on average 21% lower than in the same period last year. At the same time, market players are confident that prices for these products will continue to fall as supply in this segment grows.
A source: https://east-fruit.com