The high carrot prices cannot stand this week. The supply is increasing, the demand is falling and various foreign markets are starting their own harvest. What consequences does this have for the DCA Peen listing?
The demand for carrots has decreased significantly in the past week, while the supply has increased. It creates an imbalance in the market and therefore lower prices. Yet this is not surprising at this time of year, various traders say. After all, the market has recorded very high prices from the start. According to them, a reduction was in the offing. The only question was: when will the road down start?
Sales are difficult
Moreover, the carrot market is almost always in a more negative mood in the period from mid-August to the beginning of September. Not only because the summer holidays are over, but also because sales are often a little more difficult during this period. This is partly because many foreign destinations are less interested in the Dutch carrot, because their own harvest is marketed. On the other hand, traders report that demand from Africa continues as usual.
Dry weather conditions also play a role in sales. The quality of the carrot must be good enough to last in the container for about 14 days. This works for many Dutch carrots, but in the north of Germany en Belgium (where drought is currently a major problem) this is a major problem.
DCA listing of Peen drops
As a result of the increased supply, lower demand and more difficult sales, the DCA quotation for both B-carrot and C-carrot has taken a step downward. The quotation of B-carrot amounts to an average of €27,50 per 100 kilos, with a price range of €23 to €32. It's about a decrease of no less than €4,50 per 100 kilos. The quotation for C-carrot will decrease by €1 to an average of €27 per 100 kilos (with a price range of €24 to €30). Traders expect the price to drop even further in the coming weeks, as a result of the expected increasing supply.