Increased Demand for Australian Onion Due to Global Shortage in the Pre-Season

Demand for Australian onions pre-season has dramatically increased due to the current global shortage of onions caused by the European Union. With current programs, many growers are already over-committed. Queensland has also had a light crop due to lower plantings and increased fertilizer costs, so the domestic market is short as well. And finally, there has been a lot of rain in Tasmania and South Australia, which is beneficial right now. The probability of it continuing through harvest season is a high risk. This season, prices will start higher. This season, it will be challenging to get the volume needed for retail, and wholesale will be low. Prices range from USD 1.01 to 1.22/kg) (AUD 1.50 to 1.80/kg) FOB in W47.