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Inside Onions

Waiting for a new buying round

30 November 2018

After some hectic weeks on the onion market, it is a lot quieter this week. A buying round has taken place, in which many onions were sold. Now we have to wait for a new buying round.

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The onion market has now cooled down somewhat. During the hectic period of the previous weeks, many onions were sold, causing processors to replenish their stocks. Things have now calmed down a bit, especially because processors do not want to take too much risk with these balances (by taking on even larger stocks).

It has become a lot more difficult to get your hands on onions. The mood among the growers is very steady and the number of growers with free onions during the previous purchasing round shrunk quite a bit. However, a large part of the onions will still be in the hands of speculators.

Bale price remains stuck
The bale price made significant jumps last week, but this week remains stuck at last week's level. For the medium sorting, €50 is paid in the bale and for the coarse sorting it is around €55.

Although it was a little quieter this week, exports are continuing well. The average weekly export is more than 22.000 tons, which is excellent for this period of the year. The usual African destinations are on the market and are expected to remain on the market for a while. Like Senegal hair quota If you want to fill it up, they will even have to work hard.

Stock market prices are making progress
Stock market prices took another big step last week. All regional stock exchanges recorded significant gains for their quotations. If the fairs are compared, €25 to €40 is paid for the finest grading, €30 to €60 is paid for 38% to 50% coarse and €42 to €50 is paid for coarse onions. .

The Emmeloord stock exchange is trading significantly higher this year than in previous years.

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