The local market is dominated by onions imported from Brazil, a country that historically supplies

Published 2024년 11월 26일

Tridge summary

Argentina is experiencing a surge in onion imports from Brazil, setting a record with nearly 30,000 tons imported so far this year. This is unusual as historically, Argentina has supplied Brazil with onions. The importation of Brazilian onions is becoming a problem for Argentine producers as their prices are higher, and the influx coincides with the start of the local harvest, potentially leading to lower prices for Argentine producers. The situation is further complicated by the expectation of increased Brazilian onion production, which could significantly reduce imports of Argentine onions in the 2024/25 season. This situation is part of a larger economic issue in Argentina, with cheap imports undercutting local production and causing inflation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Strange, or at least unusual, things happen in Argentina in the time of Javier Milei and his libertarian ideas, which include an economic stabilization program that has as one of its anchors a very backward exchange rate. Onion imports from Brazil have skyrocketed in recent weeks and set a record: nearly a thousand trucks crossed the border from Brazil entering with more than 30 thousand tons of this vegetable of which Argentina has an absolute surplus. In fact, historically Brazil is supplied with onions from Argentina. So far in 2024, 231 thousand tons were exported, and more than 80% went to the neighboring country. But shipments were concentrated between March and June, when there is a good local supply, and disappeared from that moment on. That's when the tables turned and imports began to take a strong toll. Since Argentina is "very expensive in dollars," it began to be a business for Brazilian producers to send their onions here. According to Senasa statistics, 32,227 tons ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.