The global onion market is bubbling

Faced with a global shortage of onions, prices are reaching record levels in several European countries but also in Egypt and South Africa. In the first European onion producer and first world exporter, the Netherlands, the market has stabilized but at a high level, while in other European countries such as Germany, France or Spain prices have soared, points out Fresh Plaza. For what ? Several European countries have seen their national production drop due to climatic conditions - drought - but also for some a reduction in areas, such as Spain, the United Kingdom or Italy. Thus observes, Fresh Plazza, the European harvest this season is estimated to be down 13.4%, from 7.293 million tonnes (Mt) to 6.314 Mt., which is fueling import demand. Additionally, several countries have imposed export restrictions in South and Central America, Pakistan and Morocco (Read: Morocco bans exports of certain vegetables to West Africa). While in New Zealand, the onion harvest was affected by ...