The bountiful harvest has pushed down Spanish onion prices in Europe

Published 2024년 10월 22일

Tridge summary

Spanish onion producers are facing challenges due to an oversupply caused by increased sowing and yields, alongside a lack of international demand as Europe has a sufficient onion harvest. This has resulted in lower market prices. Producers in Castile-La Mancha are particularly affected, hoping to sell their larger, unique onions. The situation is worsened by the absence of advance contracts and necessary machinery, hindering effective harvesting and sales. While most European countries have increased their onion production, France's output has declined due to phytosanitary issues.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The area sown with onions in Spain expanded by almost 20% and yields also increased significantly compared to the last agricultural season, but the lack of active demand from abroad due to a sufficient harvest in the rest of Europe depressed the prices of the vegetable, the electronic publication FreshPlaza reported. "Most customers are not in a hurry to buy Spanish onions, as the quantities produced in Europe are already large enough. Moreover, there are enough onions on the free market, so prices have come down significantly. The situation is complicated, but luckily most of our onions are large and we hope to continue to sell them well, as we are the only ones in Europe that offer one", explains Luis Fernando Rubio, director of the Association of Onion Producers of Castile -La Mancha Procecam. Rubio recalls that already in July, the market in Spain was oversupplied. "We thought that the balance could be restored from mid-August, but the truth is that prices remain too low." Not ...
Source: Sinor

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