Almost historically high onion prices are observed in the world

Published 2024년 2월 2일

Tridge summary

Global onion prices are reaching historic highs due to a combination of export bans from major producers like India and Egypt, decreased production in Europe, and supply chain disruptions in the Red Sea. European importers are sourcing from China, but this has led to a nearly 30% price increase there over the past six months. High prices are also being seen in Germany and Italy due to smaller harvest volumes. In response to the high prices, Spanish producers are planning to increase production, while Dutch exporters are struggling to compete.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Many markets in different parts of the world are seeing very high or near historic high onion prices. This is caused by several factors, the shortage is exacerbated by bans on the export of onions from the traditionally large exporting countries of India and Egypt. This is stated in the FreshPlaza onion market review. It is noted that European importers, against the background of restrictions from India and Egypt and a decrease in production in most European countries, turned to China for onions. However, attacks in the Red Sea are delaying supplies from China. They are happy with the strong increase in demand from Europe and domestically, but exporters in China are cautious because of this supply problem. Over the past six months, prices in China have risen by almost 30%. India's neighboring countries are keenly aware of the ban on overpriced exports in their markets. Due to the smaller volume of harvest in Germany, high prices are observed for domestic and imported onions from ...

Source: Agrotimes