The price of onions in the Beijing Xinfadi Agricultural Wholesale Market has seen a big increase. It increased by 16.13% compared to the previous year and by 125% compared to the same period last year.

What is the reason for such significant fluctuations? Zhang Junhua, data analyst at Beijing Xinfadi Market, explained that the low price of onions last year is the main cause of growth this year. Farmers were discouraged by the low price last year and in addition the total area for onion plantation has dropped. In addition, some of the main onion producing countries suffered from extreme weather conditions, which significantly reduced the production volume. This applies to Southeast Asia, Japan and Korea. Merchants from these areas have turned to China for delivery. The volume of Chinese onion export has risen sharply, which has further increased the price.


Source: https://www.freshplaza.com/

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