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Russia: Onion prices witness sharp rise

The Russian market is seeing a rapid rise in prices for onions. Onions on the Russian market have risen in price by an average of 40% since the beginning of this week. Today, farmers ship them at 14-20 RUB/kg ($ 0.19-0.27/kg), depending on the quality and volume. For comparison: last week the price, as a rule, was no more than 16 RUB/kg ($ 0.22/kg).

According to market participants, the rise in onion prices provokes high demand. At the same time, their offer on the market at the moment is quite limited. Most growers have already finished selling early onion varieties, while peak harvesting of later varieties is planned to start closer to mid-August.

The main problem of the current season is the quality of onions. Due to rainy weather in the first half of summer, farms have a fairly large percentage of substandard products, which farmers try to sell immediately after harvesting.


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