Onion prices continue to decrease on all markets except the Ukrainian one

Published 2024년 3월 31일

Tridge summary

EastFruit analysts have observed a notable decline in onion prices across Central Asia, Moldova, and Poland, attributed to the new crop harvest in Uzbekistan, significant stock levels, and imports. However, Ukraine has maintained stable prices due to increased exports, particularly to Great Britain and Romania, despite a 40% rise in the average wholesale price to UAH 14/kg ($0.48 USD) attributed to adverse weather conditions. This contrasts sharply with the previous year's situation in the Philippines, where onion prices had skyrocketed, surpassing meat prices and the monthly living wage, leading to unaffordability for many. Currently, the Philippines faces the opposite issue, with farmers experiencing losses due to low onion prices. Meanwhile, Ukrainian vegetable growers have adapted to the war by relocating cultivation from affected southern regions, resulting in substantial savings for consumers and plans to expand cultivation areas for onions, potatoes, and cabbage.

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

Original content

EastFruit analysts draw attention to the ongoing fall in onion prices on the markets of the countries of the region. Onion prices fell again this week in Central Asia, Moldova and Poland. Only in Ukraine did onion prices not change significantly. Most significantly, onion prices in Uzbekistan fell by 6%. It is in this country that they remain the lowest, if we do not take into account Tajikistan, which banned the export of onions from the country. The decrease in prices for onions in Uzbekistan is not surprising, because in this country the harvesting of onions of the new crop has already begun, which will already be exported en masse in April. At the same time, stocks of onions for the 2023 harvest in warehouses remain significant, and in neighboring Kazakhstan, onions are generally fed to sheep. The decrease in the price of onions in Poland is caused by the continued import of products from Russia, as well as from the countries of Central Asia. Moldova also imports onions, in ...

Source: Landlord