Given two sets of elements of the finite field 𝔽q of q elements, we show that the product set contains an arithmetic progression of length k≥3 provided that k<p, where p is the characteristic of 𝔽q, and #𝒜#ℬ≥3q2d−2/k. We also consider geometric progressions in a shifted product set 𝒜ℬ+h, for f∈𝔽q, and obtain a similar result.