Onion prices are rising rapidly in Moldova

Published 2023년 2월 13일

Tridge summary

Onion prices in Moldova have surged by 10-12% in the past week, reaching 9-10 MDL/kg (€0.44-0.49/kg), due to a combination of low domestic supply and increased exports. This price hike, the highest in the last five years, is attributed to the small stock of good quality onions and the slowdown in exports in November. The situation is further worsened by the lack of cheap onions in the neighboring regions. The rising prices of 'borsch' crops, including onions, is compounded by the financial difficulties faced by Moldovan households.

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

Original content

In the third week of January, onion prices in Moldova started to rise. Prices for onions of all quality categories have increased by 10-12%, to 9-10 MDL/kg (€0.44-0.49/kg). So far, the average price for onions on the Moldovan market since summer has been 8-9 MDL/kg (€0.39-0.43/kg). The price of good quality onions only started to rise in mid-January. Last week the price increase started in other segments of onions, including grade II onions sold in bulk in city bazaars and open-air stalls. In April 2022, EastFruit analysts noted that while onion acreage in Moldova remained at 2021 levels, there may not be enough onions from the new crop for the sales season. Thanks to the active export of onions to Ukraine in August, prices for onions on the Moldovan market this month were the highest in the past five years. Therefore, the market experts advised the growers to sell onions that are not suitable for long-term storage directly from the field to exporters if the price exceeds 7 MDL/kg ...

Source: Uiennieuws