Inside Onions
How fast is the onion supply shrinking?
After a few weeks when there was a lot of supply on the onion market, the demand is now continuing well. Most demand, however, comes from destinations that normally do not pay the top prize. A lot of onions have been cleared lately, but how much is left?
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Choose the subscription that suits youThere are last week lots of onions exported and they mainly go to Eastern Europe. These are largely onions for the processing market, but class 2 onions also find their way to Eastern Europe.
Many processors have recently 2 weeks bought a lot of good onions. These onions are mainly exported to Western Europe. With a season in which quality is extremely decisive, many growers do not dare to look after the onions for another month. They therefore feel forced to say goodbye to their onions.
Lots of onions from the market
Many onions have already been exported this year. The most recent export figures are from week 18. In that week the magic limit was reached 1 million tons passed. This is 5 weeks earlier than last year. In addition, the onion stock has shrunk considerably over the past 2 weeks, because many onions have been cleared.
However, there is still a sufficient supply above the market. Processors are still offered a lot of onions. The acreage record and good yields have ensured that the Netherlands had a huge amount of onions this year.
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The area has increased considerably in recent years.
Stabilizing prices
After the significant declines in recent weeks, onion prices now appear to be rising more stable. Prices between €6 and €7,50 are currently being paid for good and coarse onions. First, the large supply (with lower quality onions) will have to be cleared, and only then will onion prices possibly make another step. However, the quality of the onions must also be good.
The regional fairs in Emmeloord and Middenmeer show an unchanged price. The quotations in Goes indicate a small correction and amount to €4 to €5 for the 30% to 60% coarse onions and €5,50 to €7,50 for the 60% upwards.
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The odds in Goes show a small correction.
Calm mood
This week, the Emmeloord fair changes the mood in the onion market from dull to calm. A low mood means that supply is greater than demand and a calm mood means that supply is greater than or equal to demand. The change in mood would therefore mean that supply and demand are coming closer together.
The bale prices for medium sorting increased last week for a number of destinations. This week, bale prices for all grades remain stable.