Uzbekistan announces temporary ban on onion exports

Published Jan 21, 2023

Tridge summary

Uzbekistan has imposed a temporary ban on onion exports for the next four months, from January 1, 2023, until the end of April, in response to abnormal cold weather that led to a significant loss of onion stocks and a surge in prices. This action aims to control the domestic market, meet consumer demand, and ensure food security. The average wholesale price of onions in Uzbekistan has risen by 60% over the past two weeks due to the shortage. The country's population is estimated to require about 346 thousand tons of onions from January 20 to April 30, while the current stocks only cover a quarter of this demand, necessitating imports to address the shortage.

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

Original content

Just a few days after Kazakhstan imposed a ban on the export of onions, Uzbekistan also announced the establishment of a temporary restriction on the export of this product, according to EastFruit specialists. "In order to reduce the cost of the domestic market, meet the consumer demand of the population and ensure food security in the Republic of Uzbekistan, a temporary restriction has been established on the export of onions for a period of 4 months, starting from January 1, 2023," the Ministry of Agriculture of Uzbekistan said in a corresponding message. Thus, the restriction on the export of onion from Uzbekistan will be valid until the end of April 2023, unless a decision is made to lift the ban on the export of these products within the specified period. We remind you that as a result of the loss of a significant part of the onion stocks in Uzbekistan during abnormal cold weather, a shortage of this product formed in the domestic market of the country, which led to a sharp ...

Source: Eastfruit