The onion market is currently in flux. There is currently considerable demand from the trade and packers for both yellow onions and red onions.
After the last delivery period (until this week) little trade done in yellow onions. Packers received large amounts of work during this period, which meant that they no longer actively moved on the onion market. Partly thanks to a number of good export weeks, the need to buy onions has returned.
Another driver on the yellow onion market is the approaching end of exports to Senegal for this season. Senegal works with licenses to regulate the import of Dutch onions. Those licenses are said to expire in mid-January.
Red onions
The red onion market has been in ecstasy for several weeks. Exports are currently eagerly filling the gap Indian exporters leave behind. It will also become increasingly difficult for processors and traders to get their hands on red onions. As a result, the price for red onions has almost doubled in 3 weeks.
The quotations on the regional exchanges for yellow onions change little. However, the stock exchanges in Emmeloord and Middenmeer are adjusting their calm mood to price-oriented this week. There has been a significant increase in Emmeloord's stock exchange listing for red onions. For 30% to 60% large onions, the committee increases the quotation by €4. At 60% upwards, the amount is even increased by €4,50.