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Friday 18.08.2017 | Name days: Liene, Helēna, Elena, Ellena, Liena

Spiking vegetable prices

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU

In January, this year, vegetable prices have surged rapidly, moreover, a sharp decline in local potato stock is observed due to Russian dealers’ activity, experts indicate.

The Agricultural Market Promotion Centre Head Ingūna Gulbe points out, compared to December, in January the producer prices of cabbage were up 33%, of potatoes – 18% and carrots – 13%, amounting to 28 santims, 20 santims and 18 santims per kilogram, respectively. This year January the producer prices of potatoes, cabbage and beets doubled, while the carrot and onion prices reported more 50% price spike, compared to a year ago.

Compared to December, the biggest price gains in January in Riga markets were registered for potatoes – 32%, Gulbe informs.

In Latvia, as in other Baltic region countries, vegetable and potato prices have grown significantly. This is tied to the small supply because starting from last July, the quality and quantity of harvest failed the expectations due to high temperatures and excessive humidity. This year the total harvest of most vegetables was one-third smaller and it is not yet known how much of it will maintain the quality until the spring, Gulbe notes. Meanwhile, the supermarket chain SIA Maxima Latvia press secretary Ivars Andiņš says the largest vegetable suppliers have already warned the company about vegetable stock decline.

This is linked to exports, because Russia reports a growing demand – suppliers are coming from there and bringing out potatoes in large quantities. Of course, vegetables on store shelves are still available for purchase, but, unfortunately, it will not be a local production, which is especially favoured by buyers, Andiņš indicates.

SIA Rimi Latvia spokeswoman Dace Valnere points out currently it is still possible to buy Latvian vegetables at chain stores – beets, carrots sold by weight, and various types of pre-packaged carrots, cabbages of different varieties, pre-packaged and different varieties of potatoes, Swedish turnips, pumpkins, radish and onions. Overall, the prices have the tendency to climb because vegetable stocks are decreasing, Valnere says.

While the major potato and beet producer, SIA Baldones lauki Board Chairman Ivars Pundiņš admits the household potato stocks have run out, therefore, significant price gains are expected in spring.

Everything has been sold out. We have sold 15% of potatoes to Russian dealers, but I know farms having sold 70% – 100% of potatoes. It was a very beneficial offer – potatoes were bought for 23 to 25 santims per kilogram, while stores paid about 20 santims. Customers will have no choice but to buy rice or buckwheat and wait for new potatoes from Morocco or Israel. Poland or Lithuania’s potatoes are not available in stores either. Whereas the local potatoes, if any, will cost at least 30 santims per kilogram in spring, the producer estimates.

Leave a reply

  1. Tom says:

    Yes, but customers do prefer local production, despite it is more expensive..

    Thumb up 0 Thumb down 0

  2. Gunnar_H says:

    Seems that potatoes are in demand in Latvia…they should’ve introduced more efficient pricing policy and also regarding vegetable sales to dealers in other countries.

    Thumb up 0 Thumb down 0

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