Egypt: The Wholesale Price of Red Onions Surged +65% YoY

The wholesale price of red onions in Egypt skyrocketed 65.21% YoY in W2 of June 2022 to USD 0.24/kg. The combination of an inflation hike and the seasonality led to fluctuations in the price. In May, according to officials, annual inflation reached 13.5%. On top of this, high demand from the UK, and Arab countries also contributed to maintaining the high price level of red onion prices.