A buying round is underway for both yellow onions and red onions. The broad demand from exports also gives onion processors the confidence to make full use of the onion market.
The well-known destinations in Africa are still the leaders in the Dutch onion market. Senegal also has outstanding licenses for Dutch onions for a longer period (than suspected). Ivory Coast is also a major destination; This country will purchase a large load of onions next week, but will then reduce their volumes. Africa's local harvests are expected to start in mid-January. That is also the moment when African destinations will reduce the volumes of Dutch onions.
The fact that the market for red onions has doubled in a short time is mainly due to the gap that India has left in Asia. Asian destinations mainly consume red onions. But these destinations are now also starting to carefully ask for yellow onions from the Netherlands. These are mainly onions that are at the top of the market in terms of quality.
Bale prices are taking a step
The broad and large export demand has ensured that bale prices have taken a step up. The bale price for the common grades is €20. Farm prices have also developed. It should be noted that a distinction is made between parties before and after the prolonged rainy period in October.
The 3 regional stock exchanges record a positive difference in their stock exchange prices. On average, yellow onions (all grades) cost €11 to €15. The stock exchange listing of Emmeloord is a huge step for the red onions. For both sorts there is a quote of €27 to €30 on the board.