As a result of changing weather conditions, the onion crop in Europe has decreased by 30%. Market participants have already called the current situation an "onion crisis", Freshplaza reports, citing Danny Dean, a representative of the Dutch company Denimpex, which has been importing onions since 1955.
“Exports to foreign countries are so great that stocks are rapidly decreasing. This situation has developed not only in Europe, where the onion harvest was unusually low this year, it is a global phenomenon, ”the importer commented on the situation.
The volume of onion harvest in the Netherlands this year amounted to approximately 725 thousand tons. Currently, 425 thousand tons have already been sent for export, and about 100 thousand tons are in the hands of speculators, who expect an unprecedentedly high price level in January.
“Traditional importers who supply products from the Southern Hemisphere every year have already played their onion cards. However, you need to understand that in such a situation, everyone will try to import onions to Europe from all over the world, added Danny Dean. - Shipments of New Zealand onions to islands such as Fiji are already at a price of 28 NZ dollars (16,8 euros) for 25 kg. While Dutch suppliers were still exporting, the cost of selling onions was 0,08 euros per kilogram. Now we may well be talking about the global onion crisis and expect an unlimited rise in prices from the current season. "
Source: https://fruitnews.ru