Onion prices in Russia reaching five year high

Belarus: Last year’s onions enough for domestic consumption and export

According to the press service of the Ministry of Agriculture and Food of Belarus, the annual onion production in Belarus makes it possible to fully meet the needs of the country and have free resources for export deliveries.

The Ministry further stressed that "In 2018, onion farms of all categories produced 215,700 tons of onion, of which 41,300 tons were from agricultural organizations and farms.”

In addition to governmental stabilization funds, onions are stored by agricultural organizations in specialized storage facilities. According to data on May 2, in storage facilities of agricultural organizations, there are 109 tons of onions, which are delivered to retail chains and other buyers, mainly under direct contracts.

"The Ministry of Agriculture and Food annually informs all interested structures about the need to conclude contracts for the cultivation and supply of these products," east-fruit.com quoted. The products manufactured last year allowed to meet the needs of industrial processing, as well as to carry out export deliveries.

Meanwhile, according to russiabusinesstoday.com, the prices of onions in Russia have already reached a record high for at least the last 5 years and continue to rise rapidly.

Since the beginning of this week, onions from Russian farms have risen in price by an average of 30%. Today, farmers offer high-quality onions at 30-40 rubles/kg ($0.46-$0.61/kg), whereas a week ago the price for high-quality products did not exceed 32 rubles / kg ($ 0.49/kg).

According to experts, the reason for this price growth is a fairly high demand for onions in the domestic market. At the same time, more and more often, market participants receive complaints about the lack of supply of high quality products.

Wholesale companies are trying to compensate for this problem by importing onions from new crops from Kazakhstan and Uzbekistan, analysts say. Better quality imported onions, but at the same time more expensive, are offered in Russia in limited quantities at a price of 38-43 rubles/kg ($0.58-0.66/kg).

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