The price of onion in Uzbekistan is already 4 times higher than the previous record

Published Jan 20, 2023

Tridge summary

Record high average wholesale prices for onions in Uzbekistan have reached 8,000 soums for small lots, a significant increase due to large stock volumes being stored improperly and freezing during cold weather, leading to a shortage. This situation is part of a larger global issue with onion prices, exacerbated by natural disasters and Russian aggression in Ukraine. Uzbekistan currently has the highest wholesale prices for onions in the region.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, the average wholesale prices for onions in Uzbekistan have updated another record. As of today, January 20, 2023, they reach 8,000 soums for small wholesale lots. This is exactly four times more expensive than the previous record price for onions for this time of year, which was set at the same time last year. Over the week, wholesale prices for onions in the country increased by a third, over the past two weeks - by 60% at once. We remind you that after large volumes of onion stocks stored in improper conditions by farmers and traders of Uzbekistan froze during abnormal cold weather, a huge shortage of products formed on the market of this country, which led to a sharp increase in prices. See also: Bulb onion is the absolute leader in the growth rate of vegetable prices in Uzbekistan At the same time, the tense situation with onions is now not only in Uzbekistan and not only in the entire region of Central Asia. Many natural disasters, as well as ...
Source: Eastfruit

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.