On the Russian market from the beginning of this week, onions began to rise in price, according to analysts of the EastFruit project. The main reason for the rise in prices was the fact that farmers prefer to store most of the good quality onions, currently selling in small quantities.
So, at the moment, farmers in the main regions of production suppose to sell onions at 8-15 rubles / kg ($ 0,12-0,23 / kg), which is on average 10% more expensive than a week earlier. The experts consider the reason for this price trend to be increased demand for products from wholesale companies that are actively purchasing it for further storage. At the same time, industry experts believe that there are no real reasons for the rise in onion prices in Russia yet, and they consider the hype reported by manufacturers to be more artificial. Market analysts explain their opinion to those factors that the onion supply is currently quite high, since massive harvesting work is being promoted in all regions of the country. However, at the same time, some farms deliberately restrain sales by shipping all collected volumes to warehouses in anticipation of the possibility of raising prices.
It is worth noting that at the moment the price of onions in Russia is already on average 10% higher than in mid-September 2018. At the same time, many owners of high-quality onions prefer to refrain from selling, in anticipation of further price increases, while experts are of the opposite opinion, recalling that onion harvesting is still ongoing, and its offer on the market until mid-October will remain quite high.
A source: https://east-fruit.com/