Prices for groceries in Ukraine will rise in the near future

Vegetables, fruits, eggs, and dairy products will see price increases in the near future in Ukraine.

This information was shared by Alexander Haydu, the chairman of the Committee on Agricultural and Land Policy of the Verkhovna Rada of Ukraine.

“Traditionally, the price of vegetables and fruits starts to rise in the autumn because they need to be stored in specialized storage facilities during the cold weather. This leads to an increase in production costs and a reduction in supply. Farms without such storage facilities try to sell their produce before the cold weather begins, while those with storage facilities try to extend their sales into early summer when prices will be higher,” noted Alexander Haydu.

The prices of vegetables and fruits will gradually increase by 5-10% per month. The cost of dairy products will also rise, but not critically, with an increase of 3-5%.

Additionally, significant price hikes for eggs are expected again during the winter.

“This year, chicken eggs will once again be the price growth leaders. Most of the eggs in Ukraine are produced in small farms. Currently, we are at a point where supply from households is decreasing, and prices are starting to rise. Therefore, there is a high likelihood that by the New Year holidays, prices will reach last year’s level, when a dozen eggs on the shelves cost around 75 hryvnias,” noted Alexander Haydu.

Haydu added that despite the projected price increases, the cost of most products in the autumn of 2023 will be lower than in the past. For example, buckwheat has decreased in price by more than 50%.

It’s worth noting that this year’s buckwheat harvest is record-breaking, which will also contribute to a reduction in the price of this cereal, according to Alexander Haydu.