Buckwheat prices in Ukraine are rising due to seasonal and cyclical factors in production

The rise in buckwheat prices on the Ukrainian market is due to a decline in last year’s harvest and a planned reduction in stockpiles ahead of the new season.

Deputy Minister of Economy, Environment, and Agriculture Taras Vysotsky stated on March 27 that the situation is temporary and recurs approximately once every five years due to natural and climatic factors. Despite the price increase, there is no physical shortage of the product, and it remains available to consumers in retail chains.

It is expected that in 2026, farmers will increase buckwheat acreage by 15–20% in response to favorable market conditions. Projected gross production is expected to cover about 95% of domestic consumption, which will help stabilize the market. According to the relevant ministry, prices will stabilize after the new harvest arrives, when the balance of supply and demand is restored. The current price fluctuations are part of the natural market cycle for niche crops.

Prices for vegetables used in borscht will remain stable in 2026.

As a reminder, prices in Ukraine rose by 1% over the month in February.