Less supply causes onion prices to rise in Ukraine

Published 2022년 12월 2일

Tridge summary

Onion prices in Ukraine have increased due to limited supply and rising demand, with growers offering high-quality onions at 15% higher prices than a week earlier. The current price is three times higher than last year, and traders expect the upward trend to continue as storage stocks decrease. The price hike is also due to a drop in quality of onions caused by adverse weather conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a short period of stability, onion prices in Ukraine have started to rise again, EastFruit analysts reported. The reason for the price increase in the segment was primarily a fairly limited supply of onions. Most producers who do not have their own storage facilities have already completed sales this season. Today, growers offer high-quality onions at 23-27 UAH/kg (€0.60-0.71/kg), which is on average 15% more expensive than a week earlier. According to the growers, they are raising onion prices due to a noticeable increase in demand. At the same time, the supply of high quality onions on the market is limited as many farms try not to sell out of storage. It should also be noted that in the current season in the onion segment there were many products that did not meet the standards. The quality of the onions has dropped noticeably due to adverse weather conditions. The ...
Source: Uiennieuws

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