After a few quiet weeks on the onion market, the mood on the farmer is completely back. There seems to be a run on long-term beautiful onions. This has also propelled day trading upwards.
It is currently quite quiet in exports. The last published export figures (week 2) amount to 16.180 tons of onions. Exports will probably also be below 20.000 tons this week.
Despite the quiet export, the mood on the farmer has completely changed. The record exports before New Year's Eve have meant that many onions have already disappeared. In addition, there are also quite a few batches of onions with quality problems. Traders and processors are now trying to take a position with good quality onions. The later the collection period, the more interest there is in the onions.
The long-term run on onions has also pushed up day trading. The three regional agricultural fairs are all trading with a positive difference this week. When the odds are compared, the prices range from €15 to €20. Perhaps even more important is the fixed mood that the stock exchange committee in Emmeloord adheres to the market. A fixed mood means that supply is less than or equal to demand.
The increase in farm prices is not yet complementary to bale prices. These bale prices are currently difficult to increase because demand does not support a price increase. An overview of the bale prices can be found in the DCA listing Bale price Onions.