Inside: Potato Market
Spring allows recovery of futures market to melt
Today the futures market closed at 20,50 euros. As a result, the market closed considerably lower than the week before. Last week's recovery could not last after the change in the weather forecast, despite the higher quotation in Emmeloord.
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Choose the subscription that suits youBelgapom also remained at 20,00 euros despite earlier rumors from the middle of the week that it would go lower. The physical market remains stable but feels calm. In the market we hear prices of 20,00 euros for Bintje, 21,00 euros for Fontane and 22,00 euros for Innovator. For excellent Agria - destination peeling, export Southern Europe and England - prices up to 28,00 euros are paid.
The futures market remains with a negative expected value due to the non-repurchase of hedgers. With a cash settlement of 22,50 euros, there is therefore 2 euros negative in the market. This is partly due to the better weather conditions, although it does not appear that the early areas in Germany (Pfalz) will be planting next week due to the high amount of rainfall in recent weeks.
France is the stable beacon in this uncertain market. The price there remains strong due to very little supply and good demand from Southern Europe and England. So if Belgian factories enter the market again, they will have to knock on the door in their home country or in the Netherlands.
