It started in the Philippines. Here the prices of onion increased so fast that people started comparing it with gold. It had become a luxury item which a common man was not even thinking of buying. Now its lack is making the world cry. Rising prices and shortages from Turkey to Kazakhstan are now making vegetables costlier around the world. Onion has become a symbol of global food crisis in today’s date. If experts are to be believed, worse times are yet to come. Last year saw a jump in the prices of wheat and other grains during the Russia-Ukraine war. Because of this war, food prices started increasing rapidly all over the world.
onion more expensive than meat
Wheat and grain prices have declined in recent months but now the world vegetable market is going through a crisis. But the problem started when onion, which is used in everything from salad to vegetable, is now out of reach of common people. Onion has now become more expensive than meat in the Philippines. Onion crisis is going on here for the last several months. In September last year, onion prices here had crossed the average level. Media reports have increased by four times in the last four months.
Rs 3512 per kg onion
Red onion is widely used in all dishes in the Philippines. According to a Reuters report, its price, which has increased from about 70 pesos (Rs 105.18) per kg in April, has reached 700 pesos (Rs 3512) in December. By mid-January, prices declined slightly. According to the country’s agriculture department, onion costs 550 pesos (Rs 2,476) per kg. It is almost three times more expensive than chicken and 25 percent more expensive than beef in Filipino markets. In the year 2022, the onion crop costing several billion pesos was completely destroyed due to a series of typhoons. Apart from this, the country’s inflation rate was to reach 8.1 percent in December 2022 along with the global food, fuel and fertilizer crisis. It was at the highest level in 14 years.
Smuggling of onions has increased in the country. In December 2022, authorities intercepted 50,000 kg of smuggled onions that were hidden among imported pastry and bread products. According to a France24 report, on January 22 and 23, customs officers seized red onions worth about 9.5 million pesos at the Zamboanga port. Now there is panic situation in Turkey, Kazakhstan and Morocco regarding onions. Due to bad crop and drought in European Union countries, the demand for onion has increased in the global market.
Effect of the war between Ukraine and Russia
Last year, parts of Europe were hit by drought and the Netherlands, the world’s biggest onion exporter, was affected. According to a report by East Fruit, this led to a rise in onion prices in the country and the wholesale price reached a record high of $0.70 (Rs 58) per kg from late January to early February. According to a Bloomberg report, the world There have been price jumps across the world, devastating floods in Pakistan, frost-damaged stocks in Central Asia and the impact of Russia’s war in Ukraine.