Demand for onions ripples up and down

With the small stocks, which currently handles the processing, the demand for onions fluctuates up and down. Last week there was some extra demand because boats had to be loaded for Africa. However, sales to Africa cannot currently be compared with the volumes before the turn of the year.

Senegal and Mali have closed export borders and many other African countries have switched to local cultivation. However, countries such as Mauritania and Guinea continue to import Dutch onions. Those boats left this week and that means that demand is a lot calmer.

Export
Due to low stocks, demand is very dependent on exports. If the export market is busier, like last week, the demand for onions will also increase. However, if export demand (such as this week) is lacking, the demand for onions will decrease. The onion market is currently fluctuating up and down.

The most recent export figure (week 6) amounts to 14.884 tons. Compared to the top weeks of this autumn, in which export figures above 30.000 tonnes were often achieved, the export figure of week 6 seems a pittance. However, this is a normal export volume for this period of the year.

(Text continues below the chart)The weekly export volume over the years.

Onion prices stabilize
Onion prices are currently stabilizing because the bale price does not want to increase. The bale price has been around the same level for several weeks and should make a step up to also be more favorable for onion prices. There remains a demand for beautiful batches from processing and export, but the quality and coarseness must be good.

The 3 regional stock exchanges also paint a stabilizing picture. For the 30% to 60% coarse sorting, all 3 exchanges are trading unchanged. For the 60% upward trend, Emmeloord is unchanged, Middenmeer is up by €0,25 and Goes is down by €0,25. The mood noted is calm.The bale prices of the past few weeks.