"Patience on the part of importers will help stabilize onion prices"
Amid a global "onion crisis," demand for Egyptian onions is soaring, while supply is insufficient, causing skyrocketing prices. The shortage is due to various factors, such as climatic conditions, reduced production, war in Eastern Europe, and export restrictions in some countries. Importers from Europe have turned to Egypt for their onion needs, resulting in overwhelming demand and record-high prices.
The market may stabilize soon, as importers seem hesitant to accept high onion prices, anticipating better rates. Their patience could lead to more attractive offers as the onion market continues to adjust and react to global factors. Egyptian producers are expected to meet the demand soon, as they grow onions year-round due to favorable climate conditions. Growers are increasing their acreage, and Egyptian onions offer diverse varieties, high quality, and lower prices.
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