Inside Onions
How long will it remain quiet on the onion market?
The onion market has been in calm waters for some time now. Processors, traders and farmers are waiting anxiously for the onion market to make a move. What does this do to the quotes?
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Choose the subscription that suits youEverything has now been said and written about this stable period on the onion market, and cheaper alternatives can currently be found all over the world. In addition, it is known that the demand must come from Europe, but as long as they still have local and cheaper onions, they are not yet focusing on the Netherlands.
The export figures for week 6 were also quite disappointing and were adjusted this week to 7.172 tons of onions. The average exports over the full weeks in 2019, it now amounts to 9.126 tons of onions.
Falling stock market prices
It is now difficult for the stock exchange committees to put a quote on the board. There are few transactions on which to base that quotation. The transactions that have been made are lower than in previous weeks. As a result, the 3 committees present a negative difference.
When the 3 stock exchange quotations are compared, the finest sorting results in €30 to €38. For the 30% to 60% coarse the quotation is €36 to €45 and for the coarsest grading it is €40 to €47.
Bale prices
Triplets (35 to 50 millimeters) are currently scarce. This is mainly because a lot of 40 to 60 millimeters is packaged as a medium. The bale price for the high-quality triplets has therefore increased in recent weeks to €42. The medium grades are slightly under pressure and the bale prices for large onions are fixed.
