Agriphoto

Inside Onions

Pool B of Van Meir continues its upward trend

17 April 2019 - Niels van der Boom

It should come as no surprise that the result from Van Meir's onion pool B also records a record result. The onion processor is satisfied with the price achieved, especially in view of the challenges that quality sometimes presented.

Would you like to continue reading this article?

Become a subscriber and get instant access

Choose the subscription that suits you
Do you have a tip, suggestion or comment regarding this article? Let us know

Pool B of from Meir from Steenbergen had a term from January 1 to mid-March. During that period, a price of €31,85 per 100 kilos was achieved for yellow seed onions for size grading up to 60 millimeters. The grade above gave a price of €42,54 per 100 kilos. These prices are respectively €6,99 and €11,07 above those of pool A.

Stock exchange listing higher
When we compare the result with the average stock exchange listing, the price on the stock exchange in Goes was higher during the pool period. The average of 0% to 30% coarse and 30% to 60% coarse amounts to €38,06 per 100 kilos. Goes did not quote a price for 60% upside. The average stock exchange quotation for large onions (Emmeloord and Middenmeer) during this period was €44,22. The difference with the pool result is significantly smaller here.

The price of organic onions is one step higher. The yellow onions cost €50,72 per 100 kilos and the red onions sell for €47,12 per 100 kilos. Both the organic segment and conventional onion pool will grow next year.

Less demand for coarse onions
Van Meir notes that there was especially a lot of demand for the medium sorting. The coarser grades were more difficult to dispose of, which probably had to do with the price tag. Director Leon van Meir notes that the quality is good, but that with the rapidly rising temperatures there is a danger lurking in storage.

After a period of calm on the onion market, trade is now picking up again, Van Meir notes. Processors have started packaging again. However, the supply of new harvest from New Zealand, Egypt and China is also increasing. This can cause tension in the market and determine the last months of the sales season. This also determines the outcome of pool C, which continues until the end of the season.

Call our customer service +0320(269)528

or mail to support@boerenbusiness.nl

do you want to follow us?

Receive our free Newsletter

Current market information in your inbox every day

Sign up