Bad news for the onion market - Turkey is rumored to have unexpectedly lifted its ban on onion exports

According to information from EastFruit analysts that has not yet been officially confirmed, Turkey, which a year ago introduced a ban on the export of onions and potatoes, unexpectedly lifted the ban on the export of onions. We have not yet been able to find confirmation from official sources, however, several market participants have announced that the export ban has been lifted. If the information is confirmed, this event may have a negative impact on pricing in the onion market. It is possible that the Turkish authorities decided to take advantage of the situation with the ban on onion exports from Egypt. Currently, the price level for onions in the Middle East is quite high, because India has limited the export of onions, and Egypt has completely banned it. Alternative suppliers are located further away, and the cost of logistics from these countries is quite high. Read also: Vegetables are rising in price, the supply of apples, radishes and garlic is growing - analysis of ...