Over the past week, the average wholesale prices for onions in Uzbekistan have increased by 25% and reached the maximum level for the past period of 2022, EastFruit experts note .
According to EastFruit price monitoring , from February 18 to February 25, 2022, the average wholesale prices for onions increased from 2 000 to 2 500 UZS/kg (from $0.18 to $0.23), i.e. by 25%. The current levels of average wholesale prices for onions in Uzbekistan are 2.3 times higher than on the same date in 2021 and more than one and a half times higher than on the same date in 2020.
Moreover, the current wholesale prices have reached the highest level recorded for last year’s onion for the period from January to May in 2020-2021. As can be seen from the chart below, the highest value of the average wholesale prices for last year’s onion is in January-May 2020-2021. was recorded on April 22, 2020 at the same level – 2500 UZS/kg.
EastFruit analysts draw attention to the fact that the impact of external markets on the price surge over the past week was negligible. According to the country’s Customs Committee, the volume of exports of onion from Uzbekistan for the period from February 10 to February 24, 2022 amounted to a little more than 100 tons, while in the same period in 2021, about 4 thousand tons of this product were sent to foreign markets.
Thus, the increase in prices for onion in Uzbekistan over the past week is associated with the situation in the domestic market.
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