FSC: Onion price rise is a global problem and not limited to Saudi market alone

FSC: Onion price rise is a global problem and not limited to Saudi market alone

Saudi Gazette reportRIYADH — The Federation of Saudi Chambers (FSC) stated that the crisis in supply chains for onion crops and the rise in their prices in many countries is a global problem and not limited to the Saudi market alone. It confirmed in a statement issued on Thursday that the Saudi market is not vulnerable to a shortage of onion crops, as the Kingdom’s total consumption reached 702000 tons in 2023, of which local production amounted to about 365000 tons, constituting 52 percent, while the deficit was covered by imports from abroad.The federation noted that the rise in global onion prices led to disruption of supply chains and a decline in production levels from exporting countries due to the global conditions, which contributed to reducing the Kingdom’s imports of onions from some countries.The federation affirmed its endeavor, in coordination with the competent authorities, to monitor the adequate supply of onion in the Kingdom, as well as to encourage and stimulate its cultivation, and follow up on contracts with suppliers, in addition to providing other options to import from countries and secure the needs of the local market.The federation pointed out that among the efforts undertaken by the Food Commodity