Mid-season and late-season onions from production areas in Gansu supplied the Chinese market at the same time, causing a sudden increase in market supply volumes. The price of Gansu onions first began to drop in the middle of August, and has been weak ever since. Most traders with storage space are hesitant to buy. They mostly purchase according to hard demand. The price of onions in cold storage is relatively stable, but the product quality of some onions is declining, and so the traders with stock in storage are more eager to sell. The pandemic still slows down the overall pace of deliveries.
"The main supply of Chinese export onions currently comes from production areas in Gansu. Compared to yellow onions, the production volume of red onions is much larger this season than last season. The overall product quality and product size are not bad at all. Our survey shows that various overseas markets have clear preferences. The South American and South Asian markets, for example, prefer red onions. European and North American markets prefer yellow onions." This is according to Ms. Annie Chen of Jining Fenduni Foodstuff Co., Ltd.
Ms. Annie Chen continued: "The current export prices are more or less the same as last year. Fluctuations are small and within acceptable margins. The main challenges for onion export are the shipping container shortage, logistical obstacles, and unstable shipping prices. These conditions greatly increase the risk for exporters. That is why the onion export volume has recently grown smaller."
For more information:
Ms. Annie Chen - Sales Manager
Jining Fenduni Foodstuff Co., Ltd.
Skype: fenduni5
WhatsApp: + 86 18678710377
WeChat: + 86 18678710377
Viber: + 86 18678710377
E-mail: [email protected]
Website: www.garlics.com
Website: www.china-garlic.com