Onion prices in Ukraine have broken a historical record
Fresh Onion
Vegetables
Ukraine
Published May 28, 2023
Tridge summary
In January 2023, EastFruit analysts warned that prices for this product in the wholesale trade would reach at least $1 per kg, and considered scenarios in which prices could be even significantly higher. In the last three weeks, wholesale prices for onions in Ukraine resumed their growth and until today reached an absolute historical record both in the local currency and in US dollars: UAH 48 and $1.31, respectively.
Original content
In January 2023, EastFruit analysts warned that prices for this product in the wholesale trade would reach at least $1 per kg, and considered scenarios in which prices could be even significantly higher. In the last three weeks, wholesale prices for onions in Ukraine resumed their growth and until today reached an absolute historical record both in local currency and in US dollars: UAH 48 and $1.31, respectively. The previous record for the wholesale price of onions for Ukraine was set on May 5, 2019 and was UAH 33/kg or $1.15 US dollars, respectively, at the exchange rate for that day. It is interesting to note that currently in the countries of Central Asia, primarily in Tajikistan, the problem is the opposite - an oversupply of onions. New harvest onions can be bought there even for 0.18 US dollars per kg, that is, 7 times cheaper than in Ukraine. Why then does Ukraine not import onions from Tajikistan and should we expect a stabilization or even a decrease in wholesale and ...
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