Record onion prices in the European Union and in the new season

Analysts at EastFruit expect onion prices in the European Union to continue climbing. This trend will continue longer than expected as a number of new factors have emerged recently to keep the values high. First of all, the experts point to the problem of the blockade of the passage in the Red Sea by the terrorist attacks of the Houthis. Europe imports significant quantities of arpajik out of season from New Zealand, especially in high price years. However, the free passage through the Red Sea is blocked by terrorist attacks and the ships have to go around Africa, and this lengthens the route by 12-17 days and increases the cost of freight and, respectively, raises the price of the already expensive onions from the far country. The same problem exists with the supply of onions from other Asian countries, as India and China, for example, supply onions to Europe via the same sea route. As a second strong factor supporting prices in Europe, experts point to an extension of the ban on ...