Onion prices in Ukraine have fallen by 13% in the past week. This was due to a decrease in demand and an increase in supply on the market. At the same time, small farms that do not have access to specialized storage facilities are actively selling their products, which also contributes to a drop in value. According to information provided by the agricultural platform EastFruit, onion prices range from 8 to 14 UAH per kilogram, depending on the quality and place of sale.
This week, Ukrainian farmers are forced to reduce selling prices for onions. According to market participants, the negative price dynamics are due to several factors at once. First of all, demand for onions has significantly decreased.
At the same time, the supply on the market has increased significantly, as small farms have begun to actively sell off products from unequipped storage facilities. Farmers are ready to make concessions in order to sell their stocks before the onset of frost.
Currently, Ukrainian producers offer onions at prices ranging from 8 to 14 UAH/kg, depending on the quality and volume of the batch, which is on average 13% cheaper than at the end of the last working week. Producers note a noticeable decrease in demand, while supply continues to grow. The increase in supply is due to farmers' attempts to quickly get rid of substandard onions that are not suitable for long-term storage. The main buyers of such products are retail chains and resellers for prompt resale.
It is worth emphasizing that today onion prices in Ukraine are on average 20% lower than in the same period last year. However, it is not easy to buy quality onions now: many producers have put them in storage, expecting to sell them only in the second half of the current season.
First Deputy Minister of Agrarian Policy and Food Taras Vysotsky said that, most likely, sugar prices will decrease by the end of the year. However, in the event of a power outage, prices for bakery products, vegetables, and fruits may increase.
