November 15, 2024, 15:52

Food prices: Key categories set for winter increases, warns Ukrainian MP

The cost of vegetables, meat, eggs, and cooking oil is expected to climb steadily throughout the winter, with a significant impact likely to be felt by spring.

This projection was shared by Dmytro Solomchuk, People’s Deputy of Ukraine, member of Verkhovna Rada’s Agrarian and Land Policy Committee, during a briefing at the Media Center Ukraine.

“Vegetables will see price hikes primarily due to inadequate storage facilities,” Solomchuk stated. “By spring, we’ll likely depend on imported vegetables because much of the current stock will spoil or lose quality. Retailers won’t want such products on their shelves, leading to imports. And those imports, purchased in euros, will naturally carry higher price tags.”

He explained that the rising costs of meat and eggs are tied to surging global prices for wheat, corn, and soybeans—key components in animal compound feed. Compared to last season, these commodities have become significantly more expensive, driving up production costs for farmers.

Additionally, Solomchuk highlighted the potential for sharp increases in cooking oil prices come spring.

“Droughts in traditionally high-yield regions, particularly in southern and eastern Ukraine, have severely impacted sunflower crops,” he said. “Farmers reported yields of only 300 to 700 kilograms per hectare, and the harvested grain contains much less oil. This combination of factors points to a global shortage of sunflower oil, which will inevitably drive prices higher.”

Read more: https://mediacenter.org.ua/news