According to EastFruit, a large batch of Egyptian onions harvested in 2023 has arrived in the wholesale markets of Georgia. They are offered in bulk at 90 US cents per kg, but there are onions on the market at a lower price, so Egyptian onion sales are not doing well.
As you can see in the chart, onion prices in Georgia peaked at 0.91 US cents per kg by February 17, 2023, and then prices began to decline. In the last three weeks, prices have been stable at 70 cents per kg. The removal of restrictions on the export of onions from Kyrgyzstan and Uzbekistan contributed to this.
According to market participants, in addition to the high price, onions from Egypt have another drawback – the caliber is not large enough for the local market. However, importers believe that they will be able to sell the entire batch, because onions of a new crop from Azerbaijan and Iran will enter the market no earlier than early May, and new onions from Egypt are not expected.
However, as we have already reported, onion harvesting has started in the southern regions of Uzbekistan. However, these onions are unlikely to reach Georgia earlier than the end of April 2023.
Nevertheless, there are still a lot of new crop onions in Central Asia, namely, in Uzbekistan, Tajikistan, and Kyrgyzstan, and they are now actively exported from some of these countries. Moreover, onion prices in Uzbekistan are significantly lower than in Georgia.
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