Farmers in Kyrgyzstan are offered to store onions until prices stabilize

Published May 29, 2024

Tridge summary

Central Asia is facing a significant drop in onion prices in the 2023/24 season, a situation foreseen by analysts at EastFruit. In response, agricultural ministries and officials are seeking solutions, some of which include storing onions from the 2024 harvest and banning or restricting exports to prop up prices. However, these measures have raised concerns about their effectiveness and the potential negative impact on traders and the overall market. Kyrgyzstan's proposal to store early onions and Tajikistan's ban on onion exports are seen as unconventional and protective of local farmers, but they could inadvertently harm traders and export markets. Uzbekistan's strategy of setting minimum export prices for vegetables and fruits aims to safeguard local producers but could ultimately stifle export competitiveness and deter investment in the sector.

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

Original content

A collapse in onion prices in Central Asia in the 2023/24 season, which EastFruit analysts warned about in advance in the publications “What will we do with onions from August?” , “Will Uzbekistan be able to avoid a collapse in onion prices” and others, makes the relevant agricultural ministries rack their brains to find a way out of the current situation. EastFruit notes that the solutions proposed by officials are often truly striking in their novelty. For example, in Kyrgyzstan, the local Ministry of Water Resources, Agriculture and Processing Industry suggested that farmers store early onions from the 2024 harvest to wait for product prices to stabilize. And officials do not consider the fact that onions from the 2023 harvest are still stored in storage facilities to be a problem, because, supposedly, these onions do not belong to farmers, but to traders. Read also: What fruits and berries should be grown in various regions of Kyrgyzstan - recommendations of the Ministry of ...

Source: Eastfruit