Will the US national average retail price of onions double by 2024?
12
250Ṁ6614
resolved Jan 4
Resolved
N/A

According to https://www.marketnews.usda.gov/mnp/fv-report-retail?repType=&run=&portal=fv&locChoose=&commodityClass=&startIndex=1&type=retail&class=ONIONS+AND+POTATOES&commodity=ONIONS+DRY&region=NATIONAL&organic=ALL&repDate=02%2F18%2F2023&endDate=02%2F24%2F2023&compareLy=Yes .

There is some news suggesting that the world will undergo an onion shortage. Currently the US national average per-pound retail prices for non-organic red, white, and yellow dry onions are $1.28, $0.94, and $1.08, respectively, and have increased 20%, 8%, and 33% on prices one year ago, respectively. This market resolves on Jan 1 2024 to 33% if one of these varieties has doubled in retail per-pound price, 67% for two, and 100% if all of them double in price by Dec. 31, 2024. Note that Market closes and (hopefully) will resolve midday on Jan 1.

If all 3 varieties double in price before Jan 1 2024, this market may resolve YES early. Post a screenshot in the comments to request early resolution.

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