The increased demand for onions from export means that processors and traders increasingly show themselves on the farm.
Onion exports have been a lot friendlier in recent weeks. The demand from Africa is good and destinations from Asia ensure that the demand has become much broader. Onions mainly go to Asia in small packages, which means that processors are currently busy.
More on the farm
Good exports ensure that onion processors quickly run out of stocks. For a long time, few additional onions were purchased from the farm, but now that demand from exports has improved again, this means that traders and processors are returning to the farm. Since most growers have just brought in the onions, it is difficult to obtain product at the moment. As a result, the farmer's price has been a lot better in the last week.
The red onion market has been very volatile in recent weeks because India has imposed an export ban. Since this news came out, the price of red onions has risen sharply. Many additional parties have now been purchased in the short and long term. Because the red onion market did not end well last season, most processors choose not to let stocks become too large.
Stock exchange quotations
Only in Emmeloord are still quoted for yellow onions from the field, this quote amounts to €9 to €11. The quotations for yellow seed onions from storage are all a lot more positive this week. When the 3 regional quotations are compared, €30 to €60 is paid for the 12-14,50% coarse sorting and €60 to €11 for the 14% upward sorting. In addition, the stock exchange committees in Middenmeer and Emmeloord describe the market as price-sensitive and fixed. This means that supply is smaller than demand.
Farm prices are currently creeping closer to bale prices. For the most common sizes, €17,00 to €18,00 is paid in the bale. An overview of the bale prices can be found in the DCA listing Bale price Onions.