The good weather conditions of week 38 mean that many onions are transported from the country at the moment. The large supply that is released as a result, however, is tempering the day trade in onions.
Dutch exporters do good business, because there is a demand for onions from the Netherlands on all continents. On the other hand, demand from Brazil has decreased slightly. Although onions are still going to that country, this can no longer be compared to previous weeks. Because demand from Brazil has largely disappeared, bale prices for large onions have shown a small decline.
In addition, Poland is also less active on the Dutch onion market today. This is mainly due to the fact that our own harvest has started. In addition, many onions have already been exported to Poland in the previous weeks.
Little action on the daily market
Despite the relatively good export figures, few onions are purchased on the daily market. The harvest period is currently in full swing, which means that a lot of supply is coming onto the market at the same time. The processors must now first collect obligations before purchasing new onions. The stock exchange in Emmeloord therefore showed a calm mood in the quotation for this week.
Because there is little day trading, grower prices are under slight pressure. There is a lot of supply on the market, a large part of which has to be sold off land. The stock exchange committees in Goes and Emmeloord are therefore showing small negative differences in the quotations this week. The 30% to 60% coarse dropped in Emmeloord to €8 to €9, while 60% coarse remained at €9 to €10,50. In Goes, €17 to €8,50 was quoted for sowing onions from the field on Tuesday, September 10.
View all quotes here.