The price of onion in Moldova will remain at a high level until at least mid-July - forecast

Published 2023년 6월 22일

Tridge summary

The article discusses the pricing and availability of onions in Moldova's market, focusing on the transition from the previous year's stock to the new local onion crop. Initially, prices remained steady at 17-18 lei/kg ($0.99-1.01/kg), but soon dropped to 15-16 lei/kg ($0.83-0.9/kg) due to the arrival of the local crop and a decrease in demand. Despite the drop, prices are higher than in the recent past. The stable wholesale price is attributed to the limited plantation area, slow harvesting pace due to rain, and the need to maintain market stability without cheap Ukrainian imports. Exports of Moldovan onions to Ukraine are also mentioned, with prices significantly lower than in Moldova.

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

Original content

From the beginning of July, local winter onions began to arrive at the Moldovan fruit and vegetable market. The pause between deliveries to the domestic market of the country of marketable leftovers of the Moldovan onion harvest-2022, imported (Egyptian, Azerbaijani) onions and the first sales of local onions of the new crop was relatively short - about ten days. The domestic wholesale market hardly felt it. As a result, the last bow of last year and the first Moldovan bow of this year were offered at a similar price - 17-18 lei/kg ($0.99-1.01/kg). And it seems that this is the upper psychological price limit for this product in this period of the season. By the middle of this month, the average price for Moldovan onions of the 2023 harvest decreased by an average of 3 lei/kg, to 15-16 lei/kg ($0.83-0.9/kg). Exactly the same downward price dynamics was observed in the same period last year. However, assessing the intentions of farmers-sellers, EastFruit analysts suggest that the ...

Source: Eastfruit