August 2025 Outlook Report: Vegetables

- Key Indicators: Global freight prices averaged USD 2,531.25/40-foot container, marking a 25.46% month-on-month (MoM) decline and a 50.19% year-on-year (YoY) drop. The decrease was largely attributed to sluggish demand following an earlier wave of frontloading ahead of the initial Jul-25 tariff deadline. Meanwhile, the World Bank’s Fertilizer Index averaged 154.53 points, an 8.05% MoM increase and a 28.41% YoY rise. The overall gain was driven by notable price increases in urea and diammonium phosphate (DAP), which outweighed a slight decline in potassium chloride.

- Potato: In Egypt, wholesale potato prices recovered 16.66% MoM to USD 0.14 per kilogram (kg), driven by a hike in European Union (EU) demand and new regulations easing exports, though they remained 57.57% lower YoY. In Pakistan, prices soared 23.81% MoM to USD 0.26/kg, as strong export demand, boosted by a new trade agreement with Afghanistan, and rising domestic consumption absorbed record production. Meanwhile, in France, prices dropped 11.90% MoM to USD 0.37/kg, a 57.95% YoY decrease, due to an abundant supply from a significant expansion in cultivation area across Northwest Europe.

- Tomato: In Spain, wholesale tomato prices skyrocketed by 45.58% MoM to USD 0.99/kg, driven by adverse weather and strong seasonal demand that has proven resilient despite long-term price hikes. In Morocco, prices remained stable MoM at USD 0.38/kg, as a well-balanced supply and demand situation persists, while the country successfully expands its export footprint into the Danish market. Meanwhile, in Mexico, prices continued their downward trend, falling 3.73% MoM to USD 1.29/kg, influenced by the government's new minimum export prices, which were established in response to the United States (US) imposing a 17% tariff on Mexican tomato imports.

- Onion: In India, wholesale onion prices rose 6.25% MoM to USD 0.17/kg, a slight increase amid conflicting market pressures, as the government plans to release buffer stocks to maintain stability while farmers protest low prices. In Mexico, onion prices increased 9.52% MoM to USD 0.46/kg, driven by a temporary surge in demand from the US. In Egypt, prices soared 29.41% MoM to USD 0.22/kg due to strong export demand and a shift to more costly stored onions after the main harvest season concluded.