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In December, when fresh crop usually begins to arrive, onion shipments were reduced from 2000 to 3000 tons a day to 700-800 tons a day in New Delhi markets, [5] raising the price of onion from ₹ 35 (42¢ US) to ₹ 88 (US$1.10) per kg in the period of one week. [6] The price on some online portals was significantly lower, about 30-40/kg.
Along with garlic, onion is a staple in Filipino cuisine, being used as a base in many dishes. [5] It is a seasonal crop, growing between the rainy months of September and December. Meanwhile, its harvest season begins as early as December and ends in June. [6] The Philippines consumes an average of 17,000 metric tons of onion per month. [7]
The "new" shipments of onions caused many futures traders to think that there was an excess of onions and further drove down onion prices in Chicago. By the end of the onion season in March 1956, Siegel and Kosuga had flooded the markets with their onions and driven the price of 50 pounds (23 kg) of onions down to 10 cents a bag. [6]
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In 2020, Spanish retailers introduced the Sunion to Europe. In January 2022, retailer Waitrose introduced the onion to the British market, where they were initially sold at 50p apiece, compared to 14p for a typical, non-tearless onion. [2] [3] [4] [5]