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Onions flooding onto the Beijing market putting pressure on prices

Currently, yellow onions on the market mainly come from Nanyang in Henan province and Fengxian in Xuzhou city, Jiangsu province. The crop from Nanyang became available from the beginning of this month. Volumes from Henan became available earlier and left the Beijing market after volumes from Nanyang arrived.

Onion prices have been falling recently, mainly due to the fact that volumes from Xuzhou have also become available, so there is supply from both Jiangsu and Henan on the market. The significant increase in supply continues to drive prices down.

Last year, the price of yellow onions was relatively high, mainly due to dwindling enthusiasm for planting among farmers and consequently a decline in planted acreages in many areas due to low prices in the previous year. A significant reduction of plantings was seen in Shandong, Jiangsu, and Henan, leading to reduced production capacity. This propped up the market price of yellow onions at the time to a level higher than the year before and higher than the price of purple onions, which is of rare occurrence.

Similarly, due to high prices last year, the overall planted area this year has increased, putting pressure on prices. From the beginning of June, volumes from Jinxiang and Pingdu in Shandong province will also arrive at the market. By that time, onions from Henan will withdraw from the market.

Source: Today's Headlines


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