Peruvian onions take advantage in Europe due to barriers for shipments from Egypt

In markets in different parts of the world, very high or almost historic prices for onions are observed. Among other factors, this situation responds to the shortage due to prohibitions extended to countries that traditionally export the product, such as India and Egypt. In this situation, European importers have turned to China to supply onions, since the Old Continent also has lower production in most of its territory. What opportunities does Peru have? Even as Europe turns to the Asian country, attacks in the Red Sea are delaying shipments. While there is excitement about the huge increase in demand from the continent, Chinese exporters are cautious due to the challenge of maritime transport. In the last half month, the price of Chinese onions increased by almost 30%. In Germany; For example, domestic and imported onions from Spain show high prices due to a lower harvest volume. Given this panorama, the Spanish are willing to expand production in 2024. Italy faces the same ...