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Inside Carrot

Large supply of carrot calls for extra demand

20 August 2021 - Jurphaas Lugtenburg

The mood on the carrot market remains lukewarm. There is a lot on offer and rinsers have the carrot to choose from. The normal work is going well and there is also export, but there is hardly any extra demand to eliminate the larger supply compared to recent years.

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The quality of the carrots is good, but especially due to the humid weather - which creates a higher cell tension in the root - they sometimes tend to tear if they are left for a longer period of time. Some traders are therefore cautious about exporting to Africa. The limited availability of containers does not really help exports either. The refrigerated containers are available, albeit more expensive compared to recent years. However, this requires good planning. Having an (extra) container delivered at the last minute is not easy.

Bottom in sight
In terms of price levels, according to several insiders, little can be done to further stimulate demand. €10 per 100 kilos seems to be becoming the fixed bottom of the market. According to traders, lowering the price much further will have little or no effect on demand. For growers, €10 is the limit to just barely cover costs with a bit of luck. Especially now that we are still early in the season, they probably do not want to dip below that price.

The DCA quotation for B-carrot is €10,50 per 100 kilos. That is €0,50 lower than last week. Prices quoted are between €10 and €11 per 100 kilos, with a few exceptions up and down. Week 10 of 2020 was the last time that the B carrot was below €11 and in the past season the B carrot has never fallen below €12 per 100 kilos. The DCA quotation for C-carrot has fallen by €2 and amounts to €9 per 100 kilos.

View the latest quotes here.

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