Onion imports from Uzbekistan and Azerbaijan have reduced prices

Published 2024년 5월 22일

Tridge summary

The Ukrainian market has experienced a significant drop in onion prices due to an influx of new crop onions from Uzbekistan and Azerbaijan. Initially, Ukrainian producers were able to increase prices because of a shortage, but prices fell by the weekend. On the EF Trade Platform, prices decreased to UAH 20-28 per kg from UAH 25-30/kg the previous week. The ongoing supply from Central Asian countries is expected to keep prices low in the coming weeks.

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

Original content

The arrival of wholesale batches of onions of the new crop from Uzbekistan and Azerbaijan saturated the market and began to lower prices. This is reported by EastFruit. The experts of the project, referring to the market participants, note that Ukrainian producers, who managed to keep stocks of onions for the 2023 harvest, as before, tried to raise selling prices last week. Given the shortage of onions, they were able to do this until Thursday. However, closer to the weekend, the situation began to change, and prices for high-quality onions dropped noticeably. In particular, on the largest regional trading platform EF Trade Platform, onions fell in price to UAH 20-28 per kg (US 50-70 cents) compared to UAH 25-30/kg (US 64-75 cents) a week earlier. "Given the surplus of onions on the market of Uzbekistan and other Central Asian countries, the supply of products to the ...

Source: Agrotimes