This detailed analysis, leveraging data from husfarm.com, scrutinizes the pricing and production trends of onions across the global market on March 14, 2024. The report is designed to offer onion producers, traders, and industry stakeholders a comprehensive understanding of the current state of the onion market, highlighting variations in price due to quality, type, and geographical origin.
In the European market, particularly within Mercamadrid, Calcot onions are priced between 2.22 to 2.78 EUR per kg, reflecting the premium associated with this specialty variety. The consistency in pricing for cooking onions at 26.5 GBP for a 25 kg bag in the UK, as seen at George Perry Ltd., underscores a stable demand for bulk onion supplies in culinary sectors.
The Turkish market, as represented by the Istanbul Wholesale Markets, showcases a significant price discrepancy between first and second quality dry onions, trading at 10-14 TRY and 5-8 TRY per kg, respectively. This difference underscores the critical role of quality assessment in market pricing mechanisms.
In Spain, the diversity in onion types is evident with French onions/shallots and Golden Grain onions priced at 1.5 to 3.6 EUR and 0.58 to 0.9 EUR per kg respectively in Mercamadrid. This price variation emphasizes the market’s valuation based on onion varieties and their culinary applications.
The organic segment, represented by La ferme Destexhe & Fils S.A.G.R. organic market, prices Guard onions at 1.5 EUR per kg, indicating a niche market for organic onions within Europe.
The Middle Eastern market, particularly in Kuwait and Iran, demonstrates a distinct preference for imported varieties with Iranian red onions and Kuwaiti green onions priced at 2 KWD per piece and 0.22 KWD per piece, respectively, at the Alforda Central Fruits and Vegetables Market.
In the Asian context, green onions from the Dangcheng market in the Xiqing district are valued at 1.8 to 2.6 CNY per kg, pointing to the consistent demand for fresh green onion varieties in Chinese cuisine.
The Indian market offers a broad spectrum of prices reflecting the diversity in quality and origin. First-sort onions in Kangra (Jaisinghpur) market are priced at 2800 to 2900 INR per 100 kg, compared to big onions from Kattappana market at 2300 to 2600 INR per 100 kg, showcasing regional price variations influenced by quality and supply.
European markets also highlight diversity with Onion Cebette from France available at 1 to 1.32 EUR per kg and larger French cat I onions at 0.85 to 1.05 EUR for a 10kg bag in MIN Avignon-Cavaillon, further illustrating the influence of origin and size on market pricing.
The analysis reveals a complex and dynamic global onion market, characterized by diverse pricing strategies influenced by quality, variety, geographical origin, and market demand. By understanding these nuanced dynamics, stakeholders in the onion production and trade sectors can make informed decisions, optimizing their strategies in response to the ever-changing market conditions.
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