Tridge summary
The global onion market is experiencing challenges due to adverse weather conditions and logistical issues, leading to variations in quality and price in several countries. South Africa is flooding the market with lower quality onions due to heavy rains, while North America is seeing limited harvest sizes due to extreme heat. The UK is facing rising onion prices due to increased input costs, and a shortage of truck drivers is making imports more expensive. In contrast, Italy is experiencing high demand for white onions and good quality yellow onions, but a drop in price for a specific type of onion due to lack of demand from the processing industry. Spain is still completing its late onion harvest, which is running about 15 days earlier than usual due to a mild summer, but exports are slow, leading to low prices despite good quality.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Weather conditions and logistical problems are a common theme in the global onion market and affect quality and price in several countries. Heavy rains and humidity during the early-year South African growing season have flooded the market with onions of less than desirable quality, while extreme summer heat waves in much of North America have limited harvest size . Meanwhile, Dutch onion exports in Europe are limited by a lack of logistics options rather than by quality or quantity problems, and prices in the UK are rising due to increased input costs, which are not expected to fall in the near term. UK: Prices on the rise due to higher input costs for British onionsThe average price of British onions for the first three weeks of September 2021 was £0.49/25kg, 1.2% higher than the average price in August 2021, and 17% higher than the average price in September 2020. The increase in UK onion prices can primarily be attributed to rising input costs. UK growers face higher costs for ...
Source: AGF
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