Onion prices in Europe tend to rise

The onion harvest season in Europe has started with low prices. This year, the area under onions in Spain has increased significantly, mainly under the Medio Grano variety due to its low water requirements. At the same time, the higher supply of this onion in June-July has faced large stocks of the vegetable in warehouses in the Netherlands, Germany and other European markets, EastFruit reports. In addition, the harvest of yellow late onions began 15 days earlier with very high yields, which led to an increase in supply to even greater volumes and caused a “perfect storm” with sharply low prices (from 8-10 euro cents per kilogram per field), which is below the level of profitability. Read also: Onion prices in Ukraine are still lower than last year and continue to fall “By mid-August, most of the excess volumes of Medio Grano onions were sold out, and prices for yellow onions are trending upward with good prospects for the coming months. Large sizes (mostly 1-2) and good quality ...