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Analysis Carrot

Bottom in carrot market in sight, grower chooses position

21 October 2022 - Jesse Torringa

The harvesting of carrots for storage is underway and both growers and traders are taking a position. The revenues are not included. Due to the large supply, prices remain under pressure, although the bottom seems to be in sight.

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Exports both within and outside Europe continue to proceed smoothly and no specifics have yet to be reported. The regular work continues, but the demand for carrots is starting to pick up, according to insiders. This does not apply to everyone and the supply of carrots from the field is still relatively large. But this volume will decrease in the coming weeks now that the storage carrots are being harvested. The growers now seem to have taken their position. They feel confident about the storage season. This can be concluded from the carrot that is increasingly being used for 'storage'. The same applies to the trade, which is also positive about the prospects for storage carrots. The current yields in the field help with this: clearly fewer tons and the retention of coarse material. Moreover, there is a smaller area.

C-carrot drops sharply
Ex-land prices are under pressure. Ultimately, as expected, more carrots are offered from the field than can be removed. This is not beneficial for C-peen. Although the supply of C-carrot remains limited, very little is traded. The bottom price seems to be in sight, now that more and more carrots are going into storage. The DCA quotation for B-carrot has decreased slightly compared to last week and drops from an average of €19 to €17 per 100 kilos in week 42. The quotation for C-carrot drops sharply from €25 to €19 per 100 kilos on average .  

An overview of the DCA carrot listing can be found here

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