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Analysis Carrot

High expectations put the brakes on the carrot market

6 January 2023 - Jurphaas Lugtenburg - 1 reaction

Little trade and a stiff market. This is how the carrot market can be described. Growers have incurred the costs for cooling and provided the quality of the carrots is good, they do not really want to change the price yet. The trade is not yet able to raise the price of the rinsed carrot. This creates a stalemate in the market.

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A smaller area and a lower yield per hectare means that growers have high expectations for carrots this year. Perhaps expectations are a bit too high at the moment, insiders say. The demand for carrots from Eastern Europe, but also from Germany or Belgium, is not easy. Buyers find the Dutch product and scour the city and country looking for cheaper suppliers and they still manage to find them. It is therefore very quiet among the Dutch rinsers and that certainly does not help the trade on the farm.

Day and futures trading
In the carrot market there is a large gap between trade for immediate delivery and for business that is done in the long term. The DCA quotation for b-carrot this week is €27 to €29 per 100 kilos. That is €1 lower than last week. Due to the moderate export, there is little interest among flushers to buy more carrots. Good c-carrots are scarce and the price has risen to €28 to €31 per 100 kilos. In the long term, business will be done for b-peen for €200 plus per box, but that concerns delivery in March and further into the season.

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