Onion price swings continue in Ukraine

Published Dec 7, 2024

Tridge summary

Ukrainian onion sale prices have dropped by 16% average, ranging from UAH 10-16/kg ($0.24-0.38/kg), due to a decrease in demand and an increase in the sale of medium and low-quality onions, according to EastFruit analysts. The price drop is also attributed to the rapid deterioration of onion quality in warehouses. However, most farmers are withholding onions from the market due to the low prices.

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

Original content

After the recent price increase in Ukraine, sale prices for onions have decreased again. This is reported by EastFruit analysts. "The main reason for the downward price trend was the decrease in demand in this segment, because producers are increasingly offering vegetables of medium and low quality for sale," analysts note. So, as of December 5, onion sales are in the range of UAH 10-16/kg ($0.24-0.38/kg), which is on average 16% cheaper than at the end of the last working week. Analysts note that closer to the weekend, wholesale batches of onions in Ukraine are already being sold at prices inferior to the previous season's indicators. Read also: New hygienic requirements for agro-food markets are coming into effect in Ukraine "Sellers are forced to reduce prices due to a significant decrease in demand in this segment. At the same time, the quality of onions in warehouses is rapidly deteriorating, due to which its owners reduce prices in order to stimulate the ...

Source: Agrobusiness