Onions break out in the leaders of price increases: prices break records
Kyiv • UNN
Prices for high-quality onions in Ukraine increased by 35% over the week due to increased demand. Farmers are holding back sales from storage facilities, which creates a shortage in the market and can lead to early imports.
This week, Ukrainian farmers raised prices for onions. The reason for this growth was a noticeable increased demand for this vegetable. At the same time, many farms still refrain from selling onions from storage facilities, so the supply of quality products on the market remains limited.
Transmits UNN with reference to information from analysts of the EastFruit project.
Details
Now the price increase is observed mainly in the segment of high-quality onions, because the supply of medium and low-quality products has significantly decreased. As of today, Ukrainian farmers sell high–quality onions at a price of 12 to 17 UAH/kg (0 0.29-0.41/kg), which is on average 35% more expensive than at the end of last week.
To date, prices for onions have already exceeded last year's figures for the same period by an average of 16%. However, market experts note that this situation has a certain "artificial" character.
Many farms refuse to sell products at current prices, which only increases the shortage of vegetables on the market.
If we compare the situation on the Ukrainian onion market with other countries in the region, Ukraine may become the leader in terms of prices for this product at the end of this week.
Analysts predict that if the price growth trend continues, onion imports to Ukraine this season may start earlier than usual. What products may rise in price by up to 15% in winter in the next few weeks, there may be a certain lull in the price position, but with demand due to the New Year holidays, prices will increase.
The winter period can be characterized by an increase in meat, eggs, sugar, butter, and dairy products within 15%. Lard can also increase in price.
recall
UNN previously reported that onion prices in Ukraine in early November significantly decreased due to falling demand and increased supply. Small farms are actively selling products from unfurnished storage facilities, which leads to a 13% reduction in the cost per week.
