Information for fruit and vegetables business in CIS
Fourth week of negative price trend in Kazakhstani onion market
Onion prices have been going down in the Kazakhstani market for the fourth week in a row, according to Fruit-Inform. As a result, onions have become averagely 26% less expensive in Kazakhstan over that period.
For the present, prices vary between RUB 4-9/kg (USD 0.06-0.14/kg), depending on quality and shipment volume, in main producing regions. Furthermore, farmers say of real sales to be conducted at no higher than RUB 7/kg (USD 0.11/kg).
It should also be noted that onion prices have fallen by another 15% in Kazakhstan over the past week due to several reasons. In the first instance, negative trend is backed by low demand for produce: local wholesale companies and retail chains purchase onions for their current sales, while exporters’ demand is not high. Meanwhile, farmers offer nonstandard produce in the majority of cases and are ready to make price concessions. At the same time, growers plan to start selling high-quality onions from storage no earlier than in late October.
More detailed information about the Kazakhstani fruit and vegetable market development will be presented at the 1st International Conference “Fruit & Vegetable Business in Kazakhstan-2016”, Holiday Inn Almaty, October 20-21. To learn more about the event, please contact International Relations Department of Fruit-Inform:
+7 495 7894419
+380 562 320795
cell: +380 96 5836323 – Mr. Ievgen Kuzin