Relief for Ukrainian Households as Prices of Essential Ingredients Stabilize
Date: 2023-11-19 Author: Dima Zakharov Categories: ECONOMY
The spikes in prices for the essential ingredients of the traditional Ukrainian "borscht set" are now a thing of the past, according to the Ministry of Agrarian Policy. Taras Vysotsky, the first deputy minister, addressed concerns during the "Unified News" telethon, stating that the classic vegetables comprising the "borscht set" – potatoes, carrots, beets, onions, and cabbage – are unlikely to see a repeat of the previous price peaks.
Explaining the high prices experienced in the previous year until mid-year, Vysotsky attributed it to the temporary loss of parts of Kherson and Zaporizhia regions. These regions are actively involved in vegetable cultivation, and the late February timing didn't allow farmers in other regions to replant crops.
This year, the situation is different, as farmers in Central and Western Ukraine have increased production volumes. Furthermore, farmers express readiness to continue cultivation across the country next year if necessary.
Vysotsky asserted, "The production volumes of these vegetables provide confidence that there will be no such record-breaking prices. There is some consumer inflation related to the costs of storage, but there are no expectations of extravagant prices."
Explaining the high prices experienced in the previous year until mid-year, Vysotsky attributed it to the temporary loss of parts of Kherson and Zaporizhia regions. These regions are actively involved in vegetable cultivation, and the late February timing didn't allow farmers in other regions to replant crops.
This year, the situation is different, as farmers in Central and Western Ukraine have increased production volumes. Furthermore, farmers express readiness to continue cultivation across the country next year if necessary.
Vysotsky asserted, "The production volumes of these vegetables provide confidence that there will be no such record-breaking prices. There is some consumer inflation related to the costs of storage, but there are no expectations of extravagant prices."
