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The price of high-quality onions has begun to rise in Ukraine

Published Nov 7, 2023

Tridge summary

Ukrainian farmers are experiencing a rise in onion prices due to increased demand in the high-quality segment. The supply of substandard onions has decreased, leading to farmers selling their lower-quality products. Despite prices being 45% cheaper than in November 2022, many farms plan to further increase selling prices if current sales rates continue.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This week, Ukrainian farmers have the opportunity to increase selling prices for onions, EastFruit project analysts report. The main reason for the rise in price was the increase in demand in this segment. At the same time, project analysts emphasize that price increases are observed exclusively in the segment of high-quality products. Today, Ukrainian farms offer high-quality onions for sale at 10-15 UAH/kg ($0.28-0.42/kg), which is on average 25% more expensive than at the end of the last working week. Project experts say the main reason for the increase in onion prices is the increase in demand for these products and the general decrease in the supply of substandard onions in local farms, which farmers are ready to ship at minimal prices. If a week earlier only high-quality onions were in stable demand, the supply of which was small due to the desire of farmers to wait for higher prices, but today lower-quality products are also actively sold. Read also: There is no less ...
Source: Eastfruit
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