In three weeks, onions in Uzbekistan fell in price by 18%

Over the past three weeks, wholesale prices for onions in Uzbekistan have decreased by 18%, which is due to an increase in supply in the domestic market in conditions of weak demand for Uzbek onions in foreign markets, EastFruit experts note. According to EastFruit price monitoring, from October 20 to November 10, 2023, the average wholesale price for onions in Uzbekistan decreased from 2,200 to 1,800 sum/kg (from $0.18 to $0.15). Current wholesale prices are 1.7 times lower than last year’s levels and are almost close to the levels of the same period in 2021. Relatively high prices for onions in October and November last year were due to active demand for these products in foreign markets. For example, in October and the first ten days of November last year, Uzbekistan exported 17.1 thousand tons of onions, while in the same period of this year the volume of exports of these products is approximately 10 times lower than last year’s figure. According to EastFruit analysts, in ...