Onion prices in Ukraine jumped by 35% in a week

Published 2024년 11월 29일

Tridge summary

Ukrainian farmers have increased the price of high-quality onions due to a surge in demand and limited supply, with prices now 35% higher than last week and 16% higher than last year. The market analysts suggest that the current situation is artificial as many farms are not selling at the current prices, leading to a even more significant shortage of the vegetable.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is reported by EastFruit. According to farmers, they are able to raise prices for 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 price growth is observed in the segment of high-quality products, while the supply of medium- and low-quality vegetables has significantly decreased. Today, 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. Thus, now onion prices in Ukraine already exceed last year's figures for the same period by an ...

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