Inside Onions
High expectations, few transactions
There is currently a lot of talk about the situation on the onion market. Growers have high expectations of the price level for this season, but is there also enough enthusiasm to pay onions for these prices?
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Choose the subscription that suits youThe drought and heat have caused high expectations for the price to arise in a short time. The first listing This is confirmed for seed onions, because the quotation is significantly higher than last year. At that time there were a surplus of onions, but now it is becoming difficult to achieve good yields and sizes.
The stock exchange of Emmeloord for the 30% to 60% large onions (sown onions from the field) the price range is €17 to €20. No quotation has yet been set for the 60% large onions, because too few transactions were known.
After a number of years with poor prices, growers want to receive enough for their sowing onions this year. With the low yields and high Costs that they have to make this year, this is not an unnecessary luxury. The onion growers therefore ask high prices for their seed onions (often from €25 ex field). The processors and exporters are not (yet) going along with this and therefore buy few onions.
Few transactions
The trade is not (yet) prepared to run the risks associated with a high price level. In the bale they cannot make the prices that match the current sentiment. There is also still uncertainty about many export destinations, which is why many trading parties remain calm.
There is already speculation about the opening of the market in Senegal. There are several stories going around, but nothing concrete is known yet. The opening of this market is important, because the market in Senegal is an important indicator for Dutch onion exports.
onion sets
The range for which onion sets are purchased is large. The regional stock exchange in Goes is trading at €16 to €24 this week. The difference is mainly in the size of the onions. Particularly in the south-west of the country, there are plots that have difficulty achieving a decent size.
Many packers were therefore provided with a 'coarse clause'. They pay a basic price and at a certain gross percentage, growers can receive more for their onion sets.
The spread on the stock exchange in Goes is quite large.