This week Ukrainian producers have had the opportunity to increase prices for onions, analysts of the EastFruit project report. According to the farmers themselves, they manage to increase prices for this product due to a noticeable increase in demand. At the same time, the supply of quality onions on the market is quite limited, as many farms continue to refrain from selling these products from storage.
It should be noted that the price growth is observed only in the segment of high quality products, when the supply of medium and low quality vegetables has noticeably decreased. Today, Ukrainian farms offer quality onions for sale in the range of 12-17 UAH/kg ($0.29-0.41/kg), which is on average 35% more expensive than at the end of last week.
Thus, currently onion prices in Ukraine already exceed last year’s figures for the same period by an average of 16%. But, market analysts note that this situation is somewhat artificial and is due to the fact that many farms simply refuse to sell at current prices, thereby creating an even more significant shortage of these vegetables in the market.
If we compare the situation on the onion market with other countries of the project monitoring region, then by the end of this week this vegetable in Ukraine may lead the rating with the highest prices. According to experts, if this trend on the market strengthens, import of onions to Ukraine in the current season may start earlier than traditional terms.
You can get more detailed information about the market development of onions and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
