The 2019 growing season has not yet ended, but there is already plenty of trade for the 2020 harvest. The dry start of the growing season creates a lot of mood.
There are few free onions left to trade, and there has been a run on the last onions for some time. Last week, up to €40 was even paid for a box of onions. Because bale prices are currently lagging behind farmers' prices, the greatest purchasing pleasure has now dampened somewhat. Bale prices are now roughly around €30. An overview of the bale prices can be found in the DCA listing Bale price Onions.
Significant increase in bale prices
Although bale prices are now stagnant, they have shown a significant increase in recent weeks. With the increase in farm prices, packers were forced to increase bale prices as well. This does cause some destinations to stop purchasing Dutch onions. For example, destinations from Eastern Europe now find our onions too expensive.
Stock market prices have taken a big step up this week. The stock exchange committee in Goes increased the quotation of the 60% upward sorting by no less than €10,25 in one week. If we compare all the quotations, the 30-60% coarse sorting costs €22 to €30 and the 60% upward sorting costs €24 to €34.
New harvest
While the 2019 growing season has not yet ended, many onions have already been purchased for the 2020 harvest. The driver of this purchasing desire is the drought, which creates a lot of mood. Although the main growing months of onions are yet to come, prices are particularly high for this time of year. For example, onionhandel.com presented a tender of €16 this week for February and many lots have already been purchased on land.