Production Trends
| Top Ten Onions (dry) Producers — 2010 (metric tons) |
|
|---|---|
| China | 20,507,759 |
| India | 13,372,100 |
| United States | 3,320,870 |
| Egypt | 2,208,080 |
| Iran | 1,922,970 |
| Turkey | 1,900,000 |
| Pakistan | 1,701,100 |
| Brazil | 1,556,000 |
| Russia | 1,536,300 |
| Republic of Korea | 1,411,650 |
| World Total | 74,250,809 |
| Source: UN Food & Agriculture Organisation (FAO) | |
The Onion Futures Act, passed in 1958, bans the trading of futures contracts on onions in the United States, after farmers complained about alleged market manipulation by Sam Seigel and Vincent Kosuga at the Chicago Mercantile Exchange. It provides economists with a unique case study in the effects of futures trading on agricultural prices. It remains in effect as of 2012.
Read more about this topic: Onion
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