The Dutch export market is currently dominated by Asian and African destinations. The volume of onions exported to Africa is well ahead of last year.
The onion market is still doing well. The demand from Africa and Asia means that packers have their hands full with work. In the most recent export figures (weekend 42) it became clear that the African market is doing quite well this season. Onion exports to these countries are now 20% ahead of last season. Together, African destinations account for 57,5% of exports.
There is usually also demand from Asia for Dutch onions during this period. However, the volumes now leaving for the Far East are being driven by the lack of India as the main competitor. As the largest producer of onions, India is an important supplier of red onions in particular in Asia. Since the yields are poor this year (just like last year), the government has decided that no onions may be exported. In this way they ensure that onions are available to the local population.
Bought a lot more
Many additional onions have been purchased at the farm in recent weeks for delivery in November and December. Since some stock has been built up, the desire to buy is less during this period than in recent weeks. In the long term, however, there will be a number of processors who will be a lot more active in purchasing additional onions.
In addition, the 3 regional agricultural fairs are unanimous this week. All quotes (without exception of coarse) will be quoted this week at €18 to €20. Bale prices have also taken a step forward. An overview of the bale prices can be seen in the DCA listing Bale price Onions.