Onion prices in Europe balance near the level of profitability

FreshPlaza writes about it. As noted, onion acreage in Spain has increased significantly this year, mainly under the brown Medio Grano variety due to its low water requirement. At the same time, the larger offer of this onion in June - July faced large stocks of the vegetable in warehouses in the Netherlands, Germany and other European markets. In addition, harvesting of yellow/brown late onions started 15 days earlier with very high yields, which increased supply to even higher volumes and caused a "perfect storm" with dramatically low prices (between 8-10 euro cents per kilo in the field), it is below the break-even point. “By mid-August, most of the surplus Medio Grano onions have been sold and yellow/brown onion prices are on an upward trend with good prospects for the coming months. There is a predominance of large sizes (mainly 1-2) and good quality due to the absence of weather problems. At the moment, prices for yellow onions range from 15 to 20 euro cents per kilogram in ...