There is a decline in prices on the early beet market in Russia. According to the daily monitoring of the EastFruit project, this root crop has fallen in price by an average of 7% since the beginning of this week. The decline in prices for beets of the 2019 harvest, according to the project experts, is due to the seasonal increase 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.
Source: https://east-fruit.com