Overview world market onions

Published 2023년 3월 17일

Tridge summary

Record high global onion prices are resulting from a global shortage of onions due to reduced yields in major producing countries like the Netherlands, Germany, UK, Italy, Spain, Egypt, South Africa, New Zealand, and France, caused by drought, lower plantings, and adverse weather conditions such as cyclones. Despite these challenges, there is weak demand in North America. The market is further complicated by speculation, availability of small sizes at large prices, and a tight market that is cutting the season short in France. Despite high production costs, there is interest in organic onions in Germany, though the market is cautious due to the current situation.

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

Original content

Global onion prices are at record highs due to a global shortage of onions. In the Netherlands, the onion market has stabilized at around 90 cents for the 60/80 class, while in Germany the Spanish and Dutch onions are well above the price level of previous years and the demand for imported onions is relatively high. Meanwhile, the UK, Italy and Spain are also experiencing reduced yields due to drought and lower plantings. In Italy, demand for onions is strong and prices have stopped following a significant upward trend, while in Spain onion prices have reached an unprecedented level due to the global shortage. In Egypt, the price of spring onions has increased by 80% due to shortages and increased costs. In South Africa, onion prices are rising due to lower yields, less planted hectares and chronic power cuts, while also exporting more onions than usual. North America has an abundant supply of onions, but weak demand keeps prices down. Tasmanian onions are in high demand in Europe ...

Source: Uiennieuws