Tension and expectations paralyze the carrot market

Due to the colder weather with frost, it is important for growers who still have carrots in the ground to dig them up quickly. You would expect that this would put some pressure on the market, but in practice it is not so bad. There is some supply of carrots from the field or from temporary storage, but according to insiders this does not involve large quantities. Growers who have good carrots in the cold room do not worry about opening the refrigerator at this price level. The costs for storage have largely already been incurred and many growers expect the market to pick up in the second half of the season.

The export demand for carrot is very quiet. Eastern Europe has cheaper domestic carrots and is therefore hardly on the market in the Netherlands. We had Belgians who did some business for a while, but now they are also keeping quiet, according to traders. In order to get the carrot market off to a good start, the frost would have to continue, especially in Central and Eastern Europe. If the carrot that is still on the land freezes, demand will start, is the prevailing thought among various rinsers.

Voltage:
Practice shows that bid and ask prices differ considerably. Good carrots from the refrigerator can hardly be bought for €25 for a rinser, while a grower with good carrots from the field has to do his best to make €20. This tension in combination with limited export demand is paralyzing the carrot market.

It is therefore difficult to provide a good reflection of the market in the quotation. First of all, there is only limited trade in carrots for short-term delivery. The last off-shore lots are coming onto the market and there is still some supply of carrots from temporary storage. These parties are the starting point for the DCA listing this week. The DCA quotation for b-carrot has taken a step up this week and amounts to €20 per 100 kilos. The quotation for c-peen remains unchanged at €21 per 100 kilos.