Inside: Onion Market

Favorable weather puts pressure on the onion price boiler

22 September 2017

We have to wait until the fields have dried up enough to resume harvesting. There is little movement in the price. With the impending harvest, the pressure is increasing again.

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Now that the rain has disappeared, it is becoming clear where onion growers stand. A lot of rain fell, especially in the coastal strip. The head of North Holland is the wettest. Here, 240 millimeters of rain has already fallen in some places in September. 

In the west of the country, it will therefore be surprising that onions have already been loaded in other places in the Netherlands. The first onions were already collected in Drenthe, Groningen and Limburg on Wednesday, September 20. It is expected that the majority of growers in Flevoland will start on Saturday or Monday.

What are the yields and has rain caused damage?

Sorters wait
The bad weather seems to be over for the time being. Due to the good weather forecast for the next 2 weeks, it is expected that the supply from land will now become available. Sorting companies are waiting for this development and remain calm on the market. They will follow the reports from the country with great interest in the coming days. What are the yields and to what extent has the rain caused damage?

Bale prices comparable
It is also quiet in the storage onions. Only sorters with obligations have taken action. These prices are somewhat comparable to week 37, although it should be noted that the high peaks have hardly been reached. Bale prices are also comparable to last week. For 45-65 millimeters €12 to €13 is given. The 60 millimeter plus onions sell for €15 to €17. Due to the increasing supply from land and the wait-and-see attitude of the sorters, prices will come under pressure.

Mood is calm
The calm mood is also reflected in the stock market quotations. Emmeloord and Middenmeer change their price mood from price-loving to calm. In Goes and Middenmeer there is no change in the quotations for onions ex-field compared to last week.

The 30% coarse quotes are quoted between €5 and €6 and the 60% coarse is quoted €6 to €7. The stock exchange listing in Emmeloord, which is 30% rough for onions, is distorted by an increase. This is because €1 was paid for 6.50 batch.

4.300

ton

onions purchased by Senegal

Export remains stable
The provisional export figure for week 35 shows that onion exports stable can be mentioned. From week 31 onwards, export figures fluctuate between 21.000 and 24.000 tonnes.

It is striking that Senegal imported a lot fewer Dutch onions compared to the previous weeks. In week 35, the country purchased more than 30% fewer onions compared to 1 week earlier. Ivory Coast took in 35 tons of onions in week 4.374 and is now the new leader.

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