Strong demand stimulates the rise in prices for onions in Russia


Strong demand stimulates the rise in prices for onions in Russia

09/30/2020

Prices for onions in Russia have actually reached the level of last year

In Russia, prices for onions began to rise again, according to analysts at the EastFruit project. The reason for the rise in prices in this segment is still the increased demand for products from wholesale companies, which actively buy onions for storage.

So, today producers are ready to sell onions at 10-16 rubles / kg ($ 0.13-0.20 / kg), which is on average 12% more expensive than at the end of the last working week.

The main reason for the rise in prices for these products, according to experts, is the fact that many farms are forced to suspend the harvest of onions due to rainy weather, which significantly reduced the volume of supply on the market. Analysts also report that farmers prefer to store most of the good quality onions, currently selling in small batches.

See also: Russia: Despite the decline in supply, prices for greenhouse tomatoes began to decline

At the same time, it should be noted that prices for onions in Russia have actually reached the level of last year. But, many market participants agree that prices for these products will continue to grow. Their opinion, they argue, is a decrease in yield in this segment due to weather conditions.

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