A consignment of Egyptian onions grown in 2023, according to EastFruit, has arrived in Georgia’s wholesale markets, but sales are struggling because they are being sold at 90 US cents per kg while other onions are available at a lesser price.
Prices in Georgia peaked at 0.91 US cents per kg on February 17, 2023, before declining and stabilizing at 70 cents per kg over the last three weeks. This stabilization was attributed to the removal of export restrictions on onions from Kyrgyzstan and Uzbekistan.
Market participants note that Egyptian onions have a disadvantage due to their smaller size, which does not meet the local market’s caliber requirements. However, importers anticipate selling the whole batch as new crop onions from Azerbaijan, Iran, and Egypt are not expected until early May. Nonetheless, onion harvesting has begun in southern Uzbekistan, but these onions will not reach Georgia before the end of April 2023.
Despite this, there is still an abundance of new crop onions in Central Asia, particularly in Uzbekistan, Tajikistan, and Kyrgyzstan, which are being actively exported. Furthermore, onion prices in Uzbekistan are significantly lower than in Georgia.
source: https://east-fruit.com
Feature Picture Source: Photo by Arina Krasnikova: https://www.pexels.com/photo/close-up-shot-of-onions-6316533/
5 April 2023
