The Australia-UK free trade agreement is good for onion exports

Published Jul 4, 2023

Tridge summary

The high onion prices in Europe are due to last summer's heat wave and drought affecting the growing season. However, Australia's good growing season and tariff reductions under the free trade agreement with the UK are expected to make up for the shortfall. As a result, Australian onions can now compete in the UK and European markets, with the expectation of more orders for Tasmanian long day onions due to their excellent shelf life and quality.

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

Original content

The current high onion prices in Europe are the result of the heat wave and drought in the growing season last summer. Australia's good growing season could make up for the shortfall thanks to tariff reductions under the free trade agreement with the United Kingdom, which came into effect on 31 May 2023. “Thanks to the free trade agreement with the UK, tariffs on Australian onions have dropped from 8% to zero,” says Ezz Farghaly, Operations & Sales Coordinator at SAI World. Now Australian products can compete in the UK and European markets. Farghaly expects more orders for Tasmanian long day onions. "These onions have an excellent shelf life and can be stored for up to a year," he explains. "Tasmanian onions are remarkable. They retain their quality and flavour. The feedback from our customers in Rotterdam and Hamburg, where we have been sending the onions for some time, is excellent." ...

Source: AGF