Information for fruit and vegetables business in CIS
Rapid decrease of onion prices in Russia. Producers in panic
According to Fruit-Inform Project, onion prices sagged to RUB 5-6/kg (EUR 0.12-0.14/kg) in the Central Federal District of Russia. Such a price level is almost twice as low as in the same period of the previous year when ex-field prices varied within RUB 8-10/kg (EUR 0.19-0.24/kg).
Farmers are seriously concerned about the established situation due to harvesting of late onions not started, and demand remaining low even against a background of rapid decrease of prices. “It will be very difficult for Russian producers to plan their business in this season. Many do not believe in high onion prices in the second half of the season assessing production level on a scale of their region. At the same time, farmers are not willing to sell onions at current prices because of such sales not guaranteeing even minimum profits as production costs increased in comparison with the previous year”, Tetiana Getman, Head of Fruit-Inform Project, says.
More detailed information about Russia's market for onions and other vegetables and fruits will be presented by Fruit-Inform Project's analysts during the Fourth International Conference “Fruit & Vegetable Business of Russia – 2011”. The event will take place in conjunction with World Food Moscow, September 14, 2011. Registration of the conference participants is currently in active progress.