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Inside Carrot

Grower and trader continue to play chess on carrot market

1 November 2019 - Jeannet Pennings

It remains calm on the carrot market for the time being. Demand is limited and many growers are especially busy with their potatoes and onions. As a result, the Peen DCA quotation shows no major shifts.

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After weeks of heavy rain, the drier conditions last week have already ensured that the carrot harvest is picking up speed. That trend is slowly continuing this week, although the market is not yet flooded with supply. The crops that really have to be removed from the land, potatoes and onions, are often given priority. 

Bigger outliers
For the time being it remains a guess as to the kilos of carrots that end up in the boxes. It is clear that these are not top yields. There is talk of a moderate to average harvest with larger outliers than other years, both upwards and downwards. In some regions there are major concerns about quality.

Despite the fact that, according to insiders, there is little room for carrots in the refrigerator and that much of the supply does not yet have room, cultivation and trade do not yet mind each other. Traders speak of limited demand. Most European export markets have enough local production, so it is the overseas destinations that are leading the charge. 

Slight price drop
A falling carrot price seems inevitable in this situation, but for the time being the DCA quotation is holding up reasonably well. The price for B-carrot has dropped slightly and amounts to €9,50 per 100 kilos (with a range of €8 to €10,50). The price for C-Peen remains the same as last week and amounts to €10,50. However, the range is slightly wider: €9 to €12.

View the latest quotes here.

 

 

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