High supply and low demand in Europe have led to a fall in prices for Spanish onions

The area under onions in Spain has increased by almost 20%, and the yield has also increased significantly compared to last season, but the lack of strong demand from export destinations due to the also high production in the rest of Europe has led to a drop in prices for Spanish onions, EastFruit reports. “There was already an oversupply on the market in July. We thought that the balance could be restored from mid-August, but the truth is that prices are still too low,” says Luis Fernando Rubio, director of Procecam, the Castilla-La Mancha Onion Producers Association. “Not only do we have 30% more production compared to the previous season, but the area under cultivation is also growing in most European countries, and although they have not had large harvests, they will at least have volumes similar to last year, with the exception of France, where production has fallen due to serious phytosanitary problems,” says Rubio. Read also: Egypt has onion overproduction, low demand and ...