Ukraine, the Russian Federation and Georgia are leaders in the growth rate of onion prices since the fall. Weekly review of the 18th week of 2020.


Ukraine, the Russian Federation and Georgia are leaders in the growth rate of onion prices since the fall. Weekly review of the 18th week of 2020.

05/02/2020

Since last fall, onions have risen most in price in Ukraine, the Russian Federation and Georgia. This week, prices fell in Georgia, Belarus and Tajikistan and fell slightly in the Russian Federation

Onion harvest 2019

According to EastFruit, Ukraine, Russia and Georgia, where they managed to more than double, have become leaders in the growth rate of onion prices since last fall. This week, the dynamics of four countries included in the regular monitoring of the project were dominated by negative dynamics. In Russia, the rate of cheapening of production was insignificant (only a few cents per kg), while in Georgia, Belarus and Tajikistan onions fell in price by at least 10%. In other countries, the situation has changed little this week.

Onion prices as of May 01, 2020

Most of all this week, onions fell in price Belarus, where the average price fell by 25%, and the final range was fixed at $ 0.25-0.38 / kg. At the same time, since the fall of last year, Belarus has shown the least active growth rate of onion prices in dollar terms, with the exception of Poland, where these products have even fallen in price. So, since September last year, they grew by an average of only 16%, although onions in Belarus rose 1.5 times in price (from BYN 0.55 / kg to BYN 0.80 / kg).

The leader in terms of price growth since last fall was Georgia. On average, in the Georgian market, onions in US dollars became more expensive by 160%, and in the national currency its average price almost tripled over this period, rising from GEL 0.70 / kg to GEL 2.00 / kg. The current price range for imported onions at the end of the week was fixed at around $ 0.56-0.94 / kg.

They did not lag behind Georgia and Ukraine with Russia. In dollar terms, these products rose 1.4 and 1.6 times, respectively. In national currencies, the growth rate was even more significant: in Ukraine, the average price of onions rose more than 2.5 times from UAH 5 / kg to UAH 13 / kg, and in Russia almost tripled from RUB 13 / kg to RUB 36 / kg Over the current week, the price range in the Ukrainian market remained stable ($ 0.44-0.56 / kg), while in the Russian market it fell slightly to $ 0.41-0.54 / kg.

Onion price performance as of May 01, 2020

Poland turned out to be the only EastFruit monitoring country where onion prices have not risen since the beginning of last fall and even declined in both US dollars and Polish zlotys. There were no significant changes in the Polish market this week: domestic products, as a week earlier, were still offered at an average of $ 0.34 / kg, and low-quality onion prices slightly moved down to $ 0.29 / kg. Polish traders, meanwhile, offered products imported from the Netherlands at $ 0.29-0.36 / kg.

Moldova, along with Belarus, showed the least active rates of rise in onion prices since last fall. So, from the beginning of September 2019, onions in Moldova both in US dollars and in national currency rose by an average of only 20%, and the price range at the end of this week was fixed at $ 0.34-0.39 / kg .

The situation on the market of last year’s onion in Uzbekistan, while in the neighboring Tajikistan these products fell in price by 12-16% in spite of rather active export deliveries to Afghanistan. At the end of the reporting period, onions of the 2019 harvest could be purchased on the Uzbek market at $ 0.22-0.25 / kg, and on the Tajik market it was offered at $ 0.24-0.34 / kg. It should be noted that since last autumn, onions in US dollars in Uzbekistan have risen in price by one and a half times, and in Tajikistan they have risen in price by a third.

Onion Harvest 2020

In Central Asian countries, onion prices of the new crop continued to decline actively and reached $ 0.16-0.19 / kg at the end of the week. Tajikistan and $ 0.12-0.15 / kg in Uzbekistan.

Meanwhile in Of Russia the first relatively large consignments of imported onions in 2020 could be purchased at $ 0.71-0.76 / kg.

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