Kyrgyzstan: Onion exporters will be helped to reduce transportation costs

Published Jun 4, 2024

Tridge summary

EastFruit analysts report a significant drop in onion prices in Central Asia for the 2023/24 season, leading Kyrgyz farmers and authorities to seek solutions. The Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan suggested storing early onions from the 2024 harvest to stabilize prices, but this idea was met with skepticism by experts. A meeting with government officials, farmers, traders, and commercial banks discussed the market situation and potential markets, highlighting that low onion prices in Russia and Kazakhstan are causing losses for Kyrgyz exporters. The Ministry of Economy of Kyrgyzstan is now tasked with proposing solutions to improve onion export logistics.

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

Original content

EastFruit analysts have already drawn attention to the collapse in onion prices in Central Asia in the 2023/24 season and the search for ways to sell these products by local farmers and authorities. At the same time, the proposal of the Ministry of Water Resources, Agriculture and Processing Industry of Kyrgyzstan - to store early onions from the 2024 harvest in order to wait for product prices to stabilize - caused bewilderment among all industry specialists. Another step to support onion exporters will be to improve logistics - this is the result of the meeting of relevant government agencies with farmers and traders. The discussion of the situation with onions in the country continued during a meeting of officials of the named ministry with exporters and Kyrgyz onion producers. This meeting was attended by representatives of the Ministry of Economy and Commerce, as well as representatives of commercial banks, Agro.kg reports. The meeting discussed the current situation in ...

Source: Eastfruit