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Ukraine still sees increase in onion prices

There has been a gradual increase in prices for onions in Ukraine since the beginning of the last decade of October 2021. The upward trends in this segment became clearer over the last week.

The range of selling prices for onions in Ukraine was noted at the level of $0.15-0.29/kg (4.0-7.5 UAH/kg) even last Friday and increased to $0.19-0.32/kg (5.0-8.5 UAH/kg) by the middle of this week. This means that onion prices in Ukraine crossed the mark of $0.38/kg (10.00 UAH/kg) for the first time this season, if sales, including VAT are recognized.

Alexander Khorev, head of the project 'APK-Inform: vegetables and fruits': “The current growth of onion prices in Ukraine is quite understandable. Growers had a low onion yield this season, and due to the shift in the standard harvesting time, many growers had to store onions of average quality. The insufficient supply of local high-quality onions from the beginning of the second half of the current season may be the main reason for the consistent price rise in Ukraine.”

“As for the current upward trends in this segment, it is more likely that Ukrainian growers prefer not to sell high-quality onions from storage, at least until the end of the first half of the season. We believe that talking about the insufficient supply on the market, and even about the shortage of onions in Ukraine today, is too early,”

Source: east-fruit.com


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