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Analysis Carrot

Growers and washers keep carrot market in balance

4 October 2024 - Jurphaas Lugtenburg

The early carrot is a long way off and for the storage carrot it is still a bit too early. Couple that with an export demand that is, as usual for this time, a bit on the lukewarm side and you have a market that is in calm waters for a while.

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With a surplus of early carrots, things will probably go well according to insiders. Yields were only so-so and demand was sufficient to keep up with supply. What the yields of the storage carrots will do is still a bit of a guess. The growing season has been reasonably favourable, so looking at that, it should not be disappointing. That does not automatically mean that it will be a top product in terms of kilos. Wheat was disappointing, onions had yields around the multi-year average with few outliers and for potatoes, yields are very variable as far as is known. That carrots will really stand out seems unlikely to several insiders. "A year in which we harvest a real quality carrot again, that is what we as a sector will really benefit from", according to a washer.

Keep patience
Opinions on market expectations vary considerably. Some flushers believe that we have to drop considerably to get a foot in the door in other European countries. Others point out that demand generally benefits more from a stable to slightly rising market. They now have sufficient local product in the Eastern Bloc. It is not going to work to get in there anyway. According to some sources, the quality of the carrots there is also not up to par. It is a matter of being patient and biding your time, then they will come by themselves, these flushers think.

Renting cooling is quite expensive and space is limited. According to some washers, growers who want to start harvesting storage carrots next week or the week after may therefore want to sell more directly. That could put some pressure on the market. This week, that is not the case. The DCA listing for both b and c carrots is €14 to €15 per 100 kilos. The market is fairly balanced and neither growers nor washers feel like disrupting that balance now.

Read here is the explanation from DCA Market Intelligence on the new quotations.

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