Onion prices in Ukraine increased by 35% in a week

Published Nov 28, 2024

Tridge summary

Ukrainian onion prices have surged due to increased demand and a limited supply of high-quality onions, as many farms are withholding their stock. As of November 28, prices have risen to UAH 12-17/kg, a 35% increase from the previous week and a 16% increase from the same time last year. This price hike is seen as somewhat artificial, driven by farms' reluctance to sell at current prices, worsening the shortage. If this trend continues, Ukraine may need to import onions earlier than usual.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This week, Ukrainian producers were given the opportunity to raise onion prices. This is reported by EastFruit analysts. According to the farmers themselves, they manage to increase the prices of these products due to a significant increase in demand. At the same time, the supply of quality onions on the market is quite limited, as many farms continue to refrain from selling these products from storage. It is noted that the increase in prices is noted exclusively in the segment of high-quality products, when the supply of vegetables of medium and low quality has noticeably decreased. So, as of November 28, Ukrainian farms offer high-quality onions for sale in the range of UAH 12-17/kg ($0.29-0.41/kg), which is on average 35% more expensive than at the end of last week. Read also: Poultry farmers in Ukraine raise selling prices for eggs Thus, now onion prices in Ukraine already exceed last year's figures for the same period by an average of 16%. However, market analysts point out ...
Source: Agrobusiness

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