Peru exported 74,629 tons of onion for US$33 million in the first half of the year, which meant a growth of 14% in volume and 51% in value

Published 2024년 7월 22일

Tridge summary

The international onion market has seen a surge in demand and a decrease in supply due to adverse weather conditions, leading to a global shortage and higher prices. Several countries have imposed tariffs on onion exports to control the price in their local markets, except for Peru. Despite a limited production, Peru has seen a 14% growth in volume and a 51% increase in value in its onion exports from January to June. The country has benefited from the high prices in the international market and is likely to see an 8% growth in volume and a nearly 30% increase in value in its exports by the end of the year. Other countries like the US, Mexico, India, and Egypt have faced challenges in producing and exporting onions, leading to a further increase in demand for Peruvian onions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) The international onion market has had sudden movements in the last semester, as there is a growing demand throughout the world that has not been able to be fully met. Something that has been complicated because global productions have been quite limited due to the adverse weather conditions last year, which has been having a strong impact on stocks in the main markets in the world. And this has motivated several countries to impose tariffs on onion exports to discourage the departure of their local production and thus be able to reduce prices in their internal markets. Being a product commonly used in all kitchens in the world, they have a negative impact on government management when their price rises greatly. But this has only affected the availability of onion in the largest markets, where the shortage has had a strong impact on the price throughout the year. For Peru, the international situation has not been entirely unfavorable, since the excellent prices in the ...
Source: Agraria

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