Onion prices in Tajikistan rose sharply

Published 2023년 2월 3일

Tridge summary

Wholesale onion prices in Tajikistan have surged to record-breaking levels, increasing by 13% in a day and 20% in a week, making them 3.8 times higher than the previous high for this time of the year. This price hike is part of a larger global trend, as reported by EastFruit. Despite Kazakhstan and Uzbekistan banning onion exports, Tajikistan, the main supplier to these countries, has not followed suit as the high prices suppress export demand.

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

Original content

According to EastFruit analysts, the wholesale price of onions in Tajikistan continues to rise rapidly, breaking previous records. In one day, wholesale prices for onions increased by 1 TJS, which is equivalent to €0.07 or an increase of 13% over 24 hours. Prices have already risen by 20% this week. Onion prices in Tajikistan have never been higher at this time of year. In addition, the prices are the highest ever. Onion prices are now 3.8 times higher than the previous all-time high for this time of year. This is due to several factors, which we have detailed in the recently published overview of the global onion market. Retail prices for onions in Tajikistan are indeed approaching the psychological level of around €1 per kg. Interestingly, Kazakhstan has previously announced an agreement to import 6,000 tons of early onions from a new crop from Tajikistan. However, there is still a lot of time for the new harvest. Meanwhile, Kazakhstan itself has banned the export of onions for ...

Source: Uiennieuws