Record prices for onions may rise by another 30% in Ukraine

Published 2023년 3월 12일

Tridge summary

The price of onions in Ukraine is experiencing a significant increase, with records likely to be broken by May, as predicted by Maksym Hopka, an analyst with the "Ukrainian Club of Agrarian Business." This price hike is despite a 2.5-fold increase in onion imports in February compared to January. The high cost is due to a decrease in domestic production and an increased percentage of non-standard onions caused by unfavorable weather conditions. Additionally, there are concerns about a potential shortage of quality onions by the end of the season.

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

Original content

Despite the fact that the price of onions in Ukraine is currently breaking all records, this is not the limit, the analyst of the "Ukrainian Club of Agrarian Business" Maksym Hopka expressed his opinion, "RBK-Ukraine" reports. Follow the news in a convenient format: Follow us on Twitter The price of onions is increasing even though its import in February increased by 2.5 times compared to January. Currently, onions cost from 52 to 58 hryvnias/kg. Therefore, I think that the price of these products will increase by another 30% by the beginning of May for sure, - said Hopka. Read also: in France, a variety of onions was bred that does not cause tears and does not leave a smell. At the end of spring, market demand will decrease. After all, the onion will already grow in the homestead. Accordingly, this will affect the price. We will remind you that from January to November 2022, the import of Polish onions to Ukraine increased 24 times compared to the same period in 2021 and reached ...

Source: Landlord