Ukraine is again exporting onions to the European Union

Published Jan 24, 2024

Tridge summary

Despite losing up to 80% of its onion growing, storing, and processing infrastructure due to the Russian invasion, Ukraine is finding profitability in exporting onions to the EU, particularly Romania. This is due to stable wholesale prices in Ukraine, which are currently two times lower than last year, while prices are rising in neighboring EU countries, especially Poland. The global onion market, however, is facing unpredictability due to a surplus in some countries, shortages in others, and export restrictions.

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

Original content

According to EastFruit analysts, the price situation on the Ukrainian onion market remains stable, while prices are rising in neighboring EU countries. In particular, in Poland, since the beginning of 2024, onions have been actively becoming more expensive and have already exceeded the 2023 level for this period. In Ukraine, wholesale prices for onions are currently two times lower than last year and close to the long-term average, amounting to about 34 US cents per kg. Against this background, Ukraine began shipping onions to Romania. “Most likely, Romania, which previously actively imported onions from Moldova, switched to purchasing onions in Ukraine, since stocks of these products in Moldova began to decline and prices to rise,” says Fedor Rybalko, an international consultant on fruit and vegetable trade and logistics. “As of today, the price of onions in Ukraine remains stable and ranges from 10 to 15 UAH/kg, which is equivalent to $0.27-0.40 US dollars per kg, depending on ...

Source: Eastfruit