The onion market in Ukraine this week shows a further decline in prices. Producers report weak demand for products, while the market supply remains excessive.
According to the monitoring data of the EastFruit project, today farmers offer onions at a price of 3-8 UAH/kg, which is on average 22% cheaper than at the end of last week. Such a rapid drop in prices indicates market oversaturation and the need to quickly sell products.
The reason for the significant price drop was prolonged rains during the harvest, which negatively affected the quality of onions. Many products turned out to be unsuitable for long-term storage. To avoid losses, farmers are forced to sell onions at low prices, preferring quick sales over keeping the goods.
High-quality products are now entering the market quite rarely. Farmers prefer to store them in storage, expecting a price increase in the future. This creates a shortage of quality onions on the market, although overall supply remains high due to an excess of less storable goods.
Today's onion prices in Ukraine are on average 68% lower than in early December 2024. This reflects significant market fluctuations and the instability of demand for vegetable products.
The fall in onion prices demonstrates that the Ukrainian agricultural market is in a state of excess supply over demand. Farmers are forced to adapt their sales strategies, while keeping high-quality crops in storage to get a better price in the future.
Experts note that if excess supply and weak demand persist, onion prices may remain low until the end of the season, until the market stabilizes and the balance between supply and demand is restored.
e-finance.com.ua
