Ukraine continues to increase onion exports, Greece, Bulgaria and North Macedonia are among the importers

Published 2024년 2월 25일

Tridge summary

Ukraine is capitalizing on a European Union onion shortage and falling domestic prices by increasing its onion exports. The country has expanded its supply volume to Romania and Moldova and has begun exporting to Bulgaria, Greece, and North Macedonia for the first time. Despite a recent price drop, a recovery is expected after the sale of surplus low-quality onions. However, high stocks in Central Asian countries and the upcoming new harvest mean that the price records from spring 2023 are unlikely to be repeated. Ukraine's onion exports may continue due to the potential for record high prices in the EU in March-April 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, Ukraine continues to increase onion exports against the backdrop of a growing shortage of onions in the European Union and falling prices in Ukraine. In particular, Ukrainian onion exporters managed to increase the volume of supplies to Romania and Moldova, as well as somewhat expand the geography of their stands. For the first time last week, wholesale quantities of fresh onions from Ukraine were exported to Bulgaria, Greece and North Macedonia. Let us remind you that prices for onions in Ukraine last week, unexpectedly for many, dropped sharply. Many market participants believe that this price decline is temporary, and after the sale of surplus onions of low quality, prices will recover again and even exceed previously reached levels. For now, onion prices in Ukraine are closer to the long-term average, i.e. are not critically low. Although it is clear that most of those who grew onions were expecting much higher prices this season. However, ...
Source: Eastfruit

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