Onion prices in Poland for the first time exceeded the level of last season; are we expecting new records?

Published 2024년 1월 23일

Tridge summary

Onion wholesale prices in Poland have surged to 50 US cents per kg, double the typical price for this period and 4% higher than last year's peak prices. Despite supply concerns in the EU and quality issues in Germany and Spain, analysts predict no price records this season due to lower prices in Ukraine and Central Asian countries, and the influx of onions from Kazakhstan and Uzbekistan into EU markets. Prices are expected to keep rising until the arrival of new harvest onions from southern Europe and North Africa.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, since the beginning of 2024 in Poland there has been a trend of increasing wholesale prices for onions. It is worth noting the extremely high price level for onions for this period of the year. Usually at this time, prices for onions are formed at the level of 23-27 US cents per kg, but now the price level is exactly twice as high and prices have reached 50 US cents per kg. Moreover, now prices in dollar equivalent already exceed last year's level by 4%, which is a very alarming signal. After all, last season was marked by a record level of onion prices. It should be noted that last season, a sharp increase in onion prices began in February. At the same time, in March, prices had already reached almost one dollar per kg in wholesale trade, and then, after some decline, they returned to these levels again at the end of May and remained high almost until the end of June 2023. Read also: Record high prices for imported tomatoes remain on the Polish ...
Source: Eastfruit

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