Russian Federation: Onion prices drop 10% in one week

There is another wave of onion price reductions in the Russian market, says APK-Inform: Vegetables and Fruit analysts. Earlier, many growers hoped that onion prices would begin to rise in early spring, as a significant volume of products that had become unusable after the severe February frosts would leave the market, but onion prices continue to fall.

Producers who do not have modern storage facilities report that the quality of the onions stored is deteriorating, as a result they are forced to dispose them at virtually any cost. High-quality onions are sold now for 13-18 rubles/kg ($ 0.17-0.24/kg), which is on average 10% cheaper than a week earlier.

East-fruit.com reports that at this point in time, the price of onions in Russia is already on average 37% lower than at the end of March 2020. At the same time, producers no longer count on repeating last year’s scenario, when onion prices began to grow rapidly in the last week of March.

[ 100 rubles = €1.10 ]


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