Onion prices are rising rapidly in Ukraine

Published 2024년 11월 28일

Tridge summary

Ukrainian onion prices have surged by 35% over the past week and are 16% higher than the same time last year, driven by increased demand and a limited supply of high-quality onions. This price hike is mainly affecting the high-quality segment as many farms are holding back sales, leading to a shortage. If this trend persists, Ukraine might need to import onions earlier than usual. This situation is specific to Ukraine and differs from other regional countries, with more insights available in the EastFruit Ukraine Weekly Pro report.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This week, Ukrainian producers have been able to raise prices for onions, according to analysts from the EastFruit project. According to the farmers themselves, they are able to raise prices for this product due to a noticeable increase in demand. At the same time, the supply of quality onions on the market is quite limited, since many farms continue to refrain from selling this product from storage. It should be noted that price growth is observed exclusively in the segment of high-quality products, when the supply of medium and low-quality vegetables has noticeably decreased. Today, Ukrainian farms offer quality onions for sale in the range of 12-17 UAH/kg ($0.29-0.41/kg), which is on average 35% more expensive than at the end of the last working week. Read also: Fruits are becoming more expensive, onions are breaking out into the leaders - analysis of trading platforms for the week Thus, at present, onion prices in Ukraine already exceed last year's figures for the same period ...
Source: Eastfruit

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