The decline in wholesale prices for onions in Moldova will not last long

Earlier, EastFruit wrote that in a number of countries covered by the price monitoring of the project, the next stage in the process of reducing the price of onions began last week. Moreover, the level of minimum wholesale prices for this product has most clearly decreased. In most cases, the process was caused by a rapid decline in the quality of long-term stored products. In Moldova, over the past week, the average price for yellow onions decreased by 14%, to 7 lei/kg ($0.39/kg). According to market operators, this is due to the fact that onions from the 2023 harvest began to germinate quickly in the storage facilities of agricultural producers. To avoid losses, farmers strive to sell it even at prices significantly lower than those prevailing at the end of February. According to expert estimates, marketable onion stocks on agricultural farms are very small – less than 1 thousand tons. Given the current level of consumer demand and the problematic quality of the product, the ...