After the recent increase in price in Ukraine again decreased selling prices for onions, according to analysts of the project EastFruit. The main reason for the downward price trend was a decrease in demand in this segment, due to the fact that producers are increasingly offering for sale vegetables of medium and low quality.
Thus, today sales of onions are formed within the range of UAH 10-16/kg ($0.24-0.38/kg), which is on average 16% cheaper than at the end of the last working week. It should be noted that closer to the weekend wholesale batches of onions in Ukraine are already sold at prices inferior to the previous season.
Sellers are forced to reduce prices due to a noticeable decrease in demand in this segment. At the same time, the quality of onions in storage is rapidly deteriorating, so the owners are reducing prices in order to stimulate sales and sell out the available volumes of such products as soon as possible.
It is worth noting that most farmers today prefer to refrain from selling onions, citing extremely low prices. Recall that in early December 2023, Ukrainian producers shipped onions on average 20% more expensive than today.
You can get more detailed information on the development of the onion market and other horticultural products in Ukraine by subscribing to the operational analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.