With Christmas just around the corner, the demand for carrots has picked up slightly in recent days. However, is it enough to turn the tide in the market? The large percentage of batches of moderate quality still has a depressing effect on price formation.
Christmas dinner is traditionally a reason for consumers to consume more carrots than average. Carrot traders noticed that demand in particular from retail increased slightly, both at home and abroad. However, there was no revival of the market. The Christmas impulse is smaller than in other years and insufficient to close the gap between supply and demand.
The supply of carrots is still large, as is the proportion of batches of moderate quality. Experts estimate that approximately one third of the carrot supply suffers from quality problems. Phytophthora is one of the culprits. This ensures that a lot of carrots are still traded off-shore. In the meantime, consignments are also being offered from storage, the quality of which is under pressure.
Price drops slightly
The minimal increase in demand towards Christmas in combination with sufficient supply ensures that the sentiment in the trade has not changed. The DCA Peen listing is in line with previous weeks and has even fallen slightly. The price for B-carrot this week is €8 per 100 kilos, which is a decrease of €0,50. The average price for C-carrot is still €10 per 100 kilos.