The market for yellow onions is currently calm, while the demand for red onions is picking up. The main reason for this is an export ban on red onions in India.
After the hectic harvest week, peace has returned to the onion market. The onion processors' working supplies have been replenished, which has dampened interest in onions from the shed. This also means that there has been little trade in yellow onions. On the export side, on the other hand, things are still going well. Bale prices have been stable for some time and the demand for Dutch onions is high breed.
Red onions
While the market for yellow onions is currently tame, the demand for red onions is increasing further. There is currently interest on the buyer's side for both coarse and fine onions. The main reason for this demand is India's export ban. The difficult growing season has led to poor yields for Indian onion growers. As a result, Indian onion prices have skyrocketed. To protect consumer prices, the government has imposed a (temporary) export ban. India is a major player in the red onion market, especially in Asia. This gap is now (partly) filled by Dutch exporters.
The increased demand translates into... stock exchange listing for red onions in Emmeloord, because this quotation rose by €1,75 for 60% upwards. There is little spectacle in the quotations for yellow onions this week. Only the price in Goes increased by €0,25. The quotations in Emmeloord and Middenmeer are unchanged.