Review of the onion market in Ukraine, Poland, Uzbekistan and Moldova

Published Mar 5, 2024

Tridge summary

Onion prices remain stable across various regions, with varying situations in different countries. In Uzbekistan, the main exporter, prices for export-quality onions are slightly higher than the purchase price but do not cover storage costs and losses, causing resellers to incur losses. Poland sees high onion prices due to a general shortage in the EU, but prices are decreasing due to imports from Russia, Uzbekistan, and Kazakhstan. Ukraine's onion prices have declined due to high inventories and deteriorating quality, but exports are increasing due to lower prices compared to EU countries and neighboring Moldova. The war and Russia's occupation have disrupted Ukraine's onion market, with new producers potentially leading to higher storage losses and a shortage of high-quality onions. Despite this, prices are unlikely to reach last year's levels. In Moldova, onion prices have significantly increased post-harvest, benefiting new growers.

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

Original content

According to EastFruit analysts, onion prices in the region remain mostly stable, which greatly disappoints the “resellers” who were hoping to make good money by purchasing onions during harvesting for resale at a great profit in the spring. However, the situation in different countries is completely different. Additionally, in many countries, onion prices begin to rise rapidly in mid-to-late March each year. Therefore, perhaps all is not lost and you will still be able to make money? Let's look at the situation in each country separately, starting with large onion exporters. Uzbekistan The main exporter of onions in the region, which, according to our estimates, could be among the top five largest onion exporters in the world in the outgoing season, is facing problems with the quality of products in storage. Onion reserves, according to market participants, remain significant, and new harvest onions in the southern regions are already beginning to be offered for sale. Currently, ...

Source: Eastfruit