Onion prices in Ukraine reached another record in the history of independence

Published 2023년 2월 2일

Tridge summary

Record-breaking selling prices for onions in Ukraine have reached a new high of UAH 30/kg ($0.82/kg), with further increases expected due to high demand and low supply as stocks are nearly depleted. Prices have surged by 11% on average since the last week and have increased fourfold compared to last year, hitting a record of 35 UAH/kg ($0.96/kg). The situation is exacerbated by frequent power outages rendering onions in storage unusable, leading to an acute shortage and limiting the possibility of imported onions to make up for the shortfall, as most Central Asian countries have cut their supply to the foreign market.

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

Original content

This week, selling prices for onions in Ukraine set another record, breaking the mark of UAH 30/kg ($0.82/kg), EastFruit project analysts report. At the same time, there is no doubt that the increase in this segment will continue in the future, as there is a rush demand for these products, and onion stocks in many Ukrainian farms are almost exhausted. To date, selling prices for onions have already risen to UAH 30-35/kg ($0.82-0.96/kg), which is 11% more expensive on average than at the end of the last working week. At the same time, the price tag of 35 UAH/kg ($0.96/kg) is currently a record for the entire history of Ukraine's independence and, compared to last year, selling prices in this segment have increased by an average of 4 times! See also: Ukrainian farmers manage to raise prices for carrots almost daily Fuel to the fire was also added by constant power outages, due to which a significant part of the onions in storage ...

Source: Eastfruit