During the previous purchase round, many processors took a position. With the current export rate, these stocks are sufficient for them. This ensures that hardly any additional onions are purchased from the farmer. According to processors and exporters, it is already…
According to processors and exporters, the export market has been quiet for weeks. However, until this week, the published export weeks were positive. The latest figures (week 6) confirm the calm situation for the first time this calendar year. The export figure of 13.840 tons ensured that packers had a very quiet time in week 6. According to exporters and processors, the past week feels at least as quiet as that of week 6.
Despite the quiet export figure of week 6, 917.501 tons of onions have already been exported this season. This is a big lead on the schedule of the current export record. Because so many onions have already been exported, free onions that are still of good quality at the end of the season are becoming scarce. Growers with such onions are therefore stuck in the market. However, with farm prices around the same level as bale prices, the market is at an impasse. Processors have sufficient onions available at the export pace, which means that hardly any additional onions are currently being purchased from the farm.
The stock exchange quotations in Goes and Emmeloord are lower this week than last week's quotation. In Middenmeer there is no change. When the odds are compared, they amount to €16 to €20. In addition, the stock exchange committee in Middenmeer describes the market as quiet and in Emmeloord the market is described as dull.
The quiet exports have made it difficult for packers to raise bale prices. Due to the purchasing wave and the increased farm prices, packers were forced to increase bale prices. Because exports are currently still at a low level, bale prices are under pressure. An overview of the bale prices can be found in the DCA listing Bale price Onions.