The Netherlands is the frontrunner in the European physical market when it comes to pricing. At least, when we look at the overview of the quotations used to compose the cash settlement each week.
The quotations in Germany, Belgium and France, which are used for the cash settlement, average out to almost €13,60 per 100 kilos. The average Dutch potato quotation is no less than €15,28 higher (at €1,70). The relatively large difference between the input from the Netherlands and the 3 other countries is because the Netherlands uses 2 categories. Potatoes in category 2 ultimately make the big difference. For example, potatoes suitable for fries in category 2 were recorded at €48 in week 18.
End of November
With a cash settlement (for week 48) at €14, the futures market quotation of the November contract comes to an end. Traditionally, there is little interest in trading on the listing. The outstanding position, which had to be settled this season, therefore amounted to only 32 contracts. For comparison, the open position on the April contract for 2020 is currently almost 6.000 and the open position on the April quote for 2021 is currently almost 450.
On other futures market exchanges there is often 1 or a maximum of 3 months during which most contracts are converted. The saying goes: 'Trading takes place where the market can have the most volume (in other words: open positions)'.