It is running and standing still on the onion market. While last week there was a real recovery, this week it is a lot quieter. What effect does this have on the quotes?
The revival of last week was mainly due to increased demand from Europe; then mainly Germany and various Eastern European destinations contacted Dutch exporters. This caused traders and processors to come out of their shells and actively enter the onion market. Many onions were bought from the growers last week.
Bale prices
For a number of these purchased lots, a certain expected value has been included in the price. The onions were purchased above the bale prices, in the hope that the bale prices will rise. However, they have not yet taken any serious steps.
When people try to raise bale prices, many people fail European destinations off. This is because there are plenty of alternative suppliers. It is therefore a lot quieter at the onion market this week.
Rising stock market prices
Following last week's revival, the regional stock markets took a step up this week. The listing in Emmeloord stands out the most. The quotation for the 30% to 60% large onions increased by €3,75, while the quotation for the 60% rose by €0,25. The categories now have the same price range: €38 to €46,50.