In Russia, the price of early onions has already fallen below last year’s level


In Russia, the price of early onions has already fallen below last year’s level

06/17/2020

In the southern regions of the country, early onions from local farms go on sale at an average price of 20% cheaper than a week earlier.

In the Russian market, there is a tendency to lower prices for early onions, and today, Russian farmers are ready to ship these products much cheaper than in mid-June 2019. This was reported by analysts of the EastFruit project with reference to daily monitoring data.

In particular, today in the southern regions of the country, early onions from local farms go on sale at a price of 12-20 rubles / kg ($ 0.17-0.29 / kg), which is on average 20% cheaper than a week earlier. Manufacturers explain such a rapid price decline at once by several reasons. First of all, the onset of warm weather without precipitation allowed most farmers in the southern region to begin active harvesting, which entailed a significant increase in the supply of these products on the market.

In addition, imported onions from Egypt and Uzbekistan are stably supplied to the market. At the same time, according to market players, the quality of imported products is noticeably higher than that of local onions, the quality of which is markedly reduced due to heavy rainfall in the main regions of production.

Note that at the moment the price of early onions in Russia is already on average 36% lower than in the same period last year. At the same time, farmers do not exclude that the downward price trend in this segment will continue.

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