Prices for onions remain strong the moment

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Onion supplies are currently low. “There are a variety of related to weather issues across the globe which have led to a lower supply and an increase in demand than is normal. It’s still not yet clear how long the current supply crisis is going to last,” states Matthew Gideon, sales & commodity manager at Keystone Fruit Marketing.

Comparatively to the previous year in this season there has been much less. However, the high-quality has been excellent thus far.

The fresh onions are being shipped out of Washington State, which will close at the end in the calendar year. Keystone sources its supplies from Peru as well as Mexico from the beginning of 2024. “There are challenges due to the El Nino within South America so we have battled Mother Nature this autumn. But, we are anticipating normal weather conditions to be expected for our Mexican season. We’ll also be adding to our Mexican Mayan Sweet onions to our inventory and are looking towards the coming season.”

Capacity for imports

Gideon anticipates that the Peruvian season to continue for two additional months. “We have increased the capacity in Mexico as well as Peru and also increased our customer packing capacity to satisfy an increased demand for our products packed for consumers,” says Gideon. “We anticipate 2024, to build upon the success we experienced in 2023.”

At present There are onions that come from Oregon, Idaho, New York as well as Michigan.

Demand is robust and will remain that way until supply conditions improve. “I believe that demand will continue to be constant and vigorous for onions of all kinds,” says Gideon. “Onions are the basis of almost every food in the world. If consumers continue to consume food and drink, the consumption will continue to be high.”

The result is that the prices will be higher in 2018 as compared to just a few weeks ago because of the rising demand issues in North as well as South America. “As the case over the past few years, there are challenges to overcome such as the increasing costs for inputs such as labor, packaging to fertilizers. In an effort to reduce the growing expenses by reducing costs for our clients is a top priority” Gideon says. Gideon.

For additional information, click here:

Matthew Gideon

Keystone Fruit Marketing

matthew@keystonefruit.com

www.keystonefruit.com

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Source: The Plantations International Agroforestry Group of Companies