Fruit & Vegetables
Onion, Potato & Tomato
0
20,000
40,000
60,000
80,000
100,000
Dec 19 Mar 20 Jun 20 Sep 20 Jun 21 Sep 21 Dec 21
Onion India - INR/MT
Dec 20 Mar 21
6P52 - Onion whs IN
The Mintec price of Indian onions declined by 18.5% m-o-m, to INR 28,000/MT in December 2021.
This follows the release of onion stocks onto the market by the Department of Consumer Affairs,
which commenced in October 2021 and continued through December. Buffer stocks were released in
an attempt to tackle price volatility, and mitigate the risk of a price spike following excessive rains in
October that hit key producing regions. The release of supplies to the market prevented a supplydemand
imbalance, and as a result, Indian onion prices have declined.
The Mintec price of EU onions declined by 6.4% m-o-m to EUR 123/MT in December 2021, in line
with reports of high production, and weaker export demand. However, EU growers are facing higher
costs for fertiliser, energy, transport and labour, and these are likely to exert upward pressure on
prices over the long term.
0
150
300
450
600
750
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Onion EU - EUR/MT
Sep 20 Dec 20 Mar 21
EU onion (8C84 & VG11)
100.0
170.0
240.0
310.0
380.0
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Potato EU - EUR/MT
Sep 20 Dec 20 Mar 21
EU potato (6Z19, LI62, PO29, POBE)
The Mintec price of EU potatoes declined slightly, by 0.6% m-o-m in December 2021, in line with the
seasonal trend. As the harvest comes to an end in Europe, market prices tend to level off as the supply
of potatoes is steady. However, the Mintec price of EU potatoes rose, up 41.1% y-o-y, in line with a
forecast decline in production in the EU, following a reduction in the planted area. In addition, rising
input costs, such as fertiliser and energy, drove the y-o-y growth.
The Mintec price of EU tomatoes increased by 14.1% m-o-m to EUR 3,233/MT in December 2021,
due a forecast reduction in total tomato production and firm demand. In addition, input costs,
including fertilisers, energy and transportation, are rising, adding to the bullish impetus in the market.
700
1,200
1,700
2,200
2,700
3,200
3,700
Dec 19 Mar 20 Jun 20 Jun 21 Sep 21 Dec 21
Tomato EU - EUR/MT*
Sep 20 Dec 20 Mar 21
EU tomato (7Z43,7S24 & TO05)
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*November and December 2021 prices only reflect series 7Z43 & TO05