Italian onion market has awakened

Published Apr 9, 2021

Tridge summary

The article discusses the revival of the onion market, with an increase in demand leading to higher prices. The market is experiencing a shortage due to delays from the Suez Canal blockade, affecting shipments from India and Australia. This shortage is being offset by the popularity of Italian onions and existing stocks. Prices vary by zone, size, and quality, with yellow onions costing between € 0.25 and € 0.35 per kilo, and white onions having a similar price range. Shallots are experiencing record prices, from € 2.50 to € 3.50 per kilo, depending on the source and quality. The retail sector is driving the demand, with shallots being particularly popular.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The onion market has awakened for a few days now. This isn't all that spectacular, but at least demand has gotten back to life, with a consequent recovery in prices. “It was very quiet until a few days ago, but now orders are pouring in,” says trader Matteo Freddi. According to Freddi, many customers waiting for onions from India and Australia are experiencing delays due to the blockade of the Suez Canal. There is a shortage of onions and that gap must be closed. “However, the Italian onion is now very popular. Let's not forget that it will be a few months before we have yellow onions available. We still have onions in the storage cells and this will be enough to bridge the time until the start of the next harvest. ” As far as prices are concerned, it is not possible to give a precise picture, because everything varies according to the zones, the sizes and the quality of the preservation. The yellow onions currently have a price between € 0.25 and € 0.35 per kilo and for the white ...
Source: Uiennieuws

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