The onion crisis, which in recent weeks has reached a global, or at least continental scale, is now one of the most widely discussed topics in the horticulture business. Ukraine was no exception in this regard, and we have seen the interest of easy money lovers and players in the “vegetable casino” to enter the onion business at least since the summer of 2022, when, according to EastFruit monitoring, unprecedentedly high onion prices were established in the country.
“Since the prices for onion in Ukraine did not decrease during the current season, the interest in earning money on onion production in the country became only higher over time. The current key issue that disturbs the minds of Ukrainian farmers is a possible price limit in the spring-summer of 2023,” comments Evhen Kuzin, head of the analytical division of the APK-Inform: Vegetables and Fruits project.
As a result, two expected events took place on the Ukrainian market, which will have a direct impact on the price prospects for the end of the current and the beginning of the next season.
Firstly, a few farms that still have stocks of high-quality onions in Ukraine have suspended sales since the beginning of February, setting a declarative price of up to $0.96/kg.
Secondly, a sharp increase in demand for onion seeds was recorded in the country, and imports of onions for planting extra-early winter onions reached a record in 2022.
For more information: east-fruit.com