Uncertainty and uncertainty drive the market

In any case, the record low potato yields do not currently mean that record high prices are being paid (unlike the onion market). The traders and processors describe the market as 'lazy-expensive'. It is a name that is often followed by a drop in price.

There are a number of reasons why the market is in a downward trend. For the futures market, this is mainly caused by uncertainty and the lack of information cash settlement. The participants of the futures market assumed that the EEX would issue the first cash settlement this week (week 45). This could remove noise about how it will be put together.

Impact of Bintje
The participants of the futures market are concerned about the impact of Bintje on the quotations in Belgium and France. The price for Bintje has dropped to €15 and does not appear to be increasing for the time being. In addition, there is a wide range of this problem breed. The poor quality and the fact that the product cannot be kept (because of glass) ensures an accelerated supply. That drives the price down further. According to Belgian traders, this could last until Christmas.

The law of gravity also applies in the potato market; the low price for Bintje also sucks down the price of the sought-after good varieties. With the release of the cash settlement, the uncertainty would be removed and participants in the futures market would gain more insight into the frame of reference on which they trade. As long as this framework is not clear, the market will few new buyers Pull.

Little commotion
There is also little commotion to be found in the physical market. Processors receive their raw materials relatively easily and do not have to actively bribe the market. The expected gap between the delivery period and drying out of the shed does not seem to occur. The supply from parties that have storage problems puts slight pressure on the price. The question is: can the €25 be held in the coming weeks?

Once again, the manufacturing industries appear to be the limiting factor in supply. The planning is full and the extra offer is difficult to place. Moreover, a downward market always produces more supply, because growers are afraid to... boat to miss.

New impulses
With the completion of the harvest, the growers have received clarity about the amount of tonnes that can be freely sold, and they would like to cash in on their 'golden ticket'. It's waiting for new impulses in the market. Exports could be part of this. Some transactions have already been made for chips to England (at higher price levels), but this is still limited.

Regular exports do offer opportunities, but at the moment the price level is just too low (or the potatoes are too expensive here) to keep up the pace. The other opportunity card lies in storability and spring; knowing that Première's acreage will shrink by at least 30%.