Brazil's onion imports from Argentina are down in 2023

Published 2023년 5월 9일

Tridge summary

In the first quarter of 2023, Argentina witnessed a significant decrease in onion imports to Brazil, with volumes dropping by 45% and value by 50% compared to the same period in the previous four years. This decline is primarily due to the high domestic supply of onions, which saturated the Brazilian market and led to a decrease in the commercialization value of Argentine onions, making it less profitable for importers. As a result, imports are expected to cease by the end of May, with the onion harvest in regions like Triângulo Mineiro and Cristalina taking over. Overall, the quarter was deemed unprofitable for Argentine onion imports by Hortifruti/Cepea, attributing the poor results to the oversupply in the Brazilian market.

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

Original content

In the 2023 partial (January to April), the entry of onions imported from Argentina was lower compared to the same period of the last four years. The decline in bulb imports is even more evident when compared with the partial figures for 2021 released by Secex: those for 2023 are 50% lower in monetary terms and 45% lower in volume. Behind this reduction in the levels of demand for bulbs from outside the country is the large domestic production, marketed during the period in which the import window for Argentine onions opens, between January and June. According to collaborators from Hortifruti/Cepea, with the high levels of onions in the Brazilian market, another issue that reflected in lower imports was the low commercialization value of the bulbs. Due to this, the margin was smaller, with some importers claiming that bringing Argentine onions to Brazil is no longer profitable. The trend is for imports to end this month, due to the ...

Source: Agrolink