Onion market dilemma – will the price collapse or go up sharply?

2023-10-17 12:48

EastFruit notes that fresh onions are a product with a completely inelastic level of demand. In other words, if onion prices rise, its consumption does not decrease much, because there is absolutely nothing to replace onions in recipes with.

  Experts note that the lack of demand elasticity for onions has a negative impact on the risk level of this business. .

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onion market dilemma will the price collapse sharply