Opposite trends prevail in the global onion market

Published Aug 30, 2024

Tridge summary

The global onion market is experiencing fluctuation, with high prices and shortages in China due to weather conditions, while North America is seeing a price increase due to changed supply regions. The Philippines is approving imports of yellow onions, while South Africa's average price is decreasing. Egypt's onion prices have dropped due to overproduction following last year's higher prices. Italy and Germany are dealing with weather-related issues and disease, leading to lower prices and quality problems. Austria is experiencing increased export demand, in contrast to the Dutch market. Israel is starting its main onion crop harvest, while France and Spain are recovering from periods of extremely low onion prices caused by various challenges in the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The onion market varies greatly in different countries around the world, ranging from very high prices and shortages to stable supplies and prices. This is reported by FreshPlaza. North America is seeing an increase in prices due to a change in onion supply regions. Thus, the supply of onions of all sizes and colors remains adequate, given that area and yield in onion growing areas are fairly typical. Onion prices in China have remained extremely high since last October, showing a level of pricing not seen in two decades. Unfavorable weather conditions have affected the quality and shelf life of onions, as high prices discourage consumers from purchasing. The Ministry of Agriculture of the Philippines approved the import of 16,000 tons of yellow onions. In South Africa, the average price of onions continues to decline. This is the result of a decrease in onion prices last season. Egyptian growers responded to last year's higher prices, shortages and export ban by planting more, ...
Source: Agrotimes

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