In Russia, a wave of reduction in prices for onions began


In Russia, a wave of reduction in prices for onions began

03/04/2020

The downward price trend is dictated, first of all, by the large offer of products on the market, while the demand for onions is rather low

In Russia, the price of onions began to decline, according to analysts at the EastFruit project. Many farmers hoped that already in early spring prices for onions would begin to rise, since a significant amount of substandard products would leave the market. But today, prices in this segment have begun to fall, while onion quality continues to deteriorate rapidly with an increase in average daily temperatures.

Russian farms are now declaring prices for onions in the range of 8-16 rubles / kg ($ 0.12-0.24 / kg), which is on average 11% cheaper than at the end of last working week. Farmers complain that they are forced to lower prices for these products because of the large influx of low quality onions, which sellers are willing to give for nothing.

See also: The collapse of prices for onions in Uzbekistan due to a stop of exports recorded today

According to market participants, the downward price trend is dictated, first of all, by the large supply of products on the market, while the demand for onions is rather low. Most households, with the onset of warming, began to actively sell off available stocks. At the same time, a number of farmers report that for one reason or another, onions are stored worse than usual in the current season. Because of this, the percentage of losses and the share of substandard products, which manufacturers seek to market in the first place, have noticeably increased.

It is worth noting that at the moment the price of onions in the Russian market is already on average 1.5 times lower than in the same period last year. However, some market players are sure that in April the market situation will change. By this time, stocks of onions in farms will be significantly reduced, and prices for these products will go up. Under current conditions, owners of quality onions today prefer to refrain from sales and plan to resume sales closer to mid-spring.

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