The potato price in Belgium is again making significant strides. The market no longer seems to be under the spell of a compelling offer from bad parties.
Belgapom quoted €28 per 30 kilos for Fontane and Challenger on Friday, December 100, which is a plus of €3. The mood is described as price-loving. Although this has reached €30 and the upward trend (which started in week 49) continues, this quotation is not even the most interesting.
Bintje from the valley
The fact that the quotation for Bintje shows a plus of €5 per 100 kilos is even more interesting; especially considering the fixed mood mentioned. After the €15 trough (which was reached by the compelling offer of bad lots), this €25 is a sign that the bad lots are gone. It is not without reason that a Belgian processor is in the Netherlands operates is.
It is clear that many potatoes are brought forward with a later delivery. Now that the quotations are rising, a new phase has begun in the market (with 2019 in the picture). Growers may appear to be taking a wait-and-see attitude (due to the rising quotations and futures market), with the question being to what extent the purchasing parties are willing to go along with the intended price increase.