Onion price in Uzbekistan has surpassed the previous record by a factor of 4

Published Jan 27, 2023

Tridge summary

Record-breaking average wholesale prices for onions in Uzbekistan have reached a four-time increase from the previous record, due to a massive shortage caused by frozen onions stored under poor conditions during abnormally cold weather. The global onion market is experiencing tension, with prices surging in Central Asia and elsewhere due to natural disasters and Russian aggression in Ukraine. As of January 20, 2023, Uzbekistan's wholesale onion prices are the highest in the region and even exceed those in occupied Ukraine, indicating a significant global impact on onion prices.

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

Original content

According to EastFruit analysts, the average wholesale prices for onions in Uzbekistan have updated a new record. As of January 20, 2023, onion prices were four times the previous record price for onions during this period, set last year. After large quantities of onions stored in poor conditions by growers and traders of Uzbekistan were frozen during abnormally cold weather, a massive shortage of onions led to a sharp rise in prices. However, the situation on the world onion market is tense and not only in Central Asia. Many natural disasters and the Russian aggression against Ukraine have led to a worldwide increase in onion prices. Incidentally, we note that wholesale prices for onions in Uzbekistan were the ...

Source: Uiennieuws