Red onions across the world are in a price spiral

In the Netherlands, strong export demand, a high proportion of small onion heads and high sorting losses led to a rapid decline in stocks. At the beginning of 2023, the supply of red onions became scarce across Europe, and prices reached a peak. The amount harvested in areas outside the EU is also significantly lower, so the supply from Central Asia and New Zealand is also limited. According to analysts at EastFruit, onions remain one of the most sought-after products in the vegetable trade, with prices continuing to rise in many countries, and reduced supply leading to unusual sales transactions. Many countries introduced export bans, which made the situation worse. Given the price of onions, currently rich, prosperous countries and/or countries with efficient logistics are able to acquire larger stocks where there are no customs duties or other trade barriers. The changes in the global onion market are likely to have an impact next year as well, so it is worth paying attention ...