The mood on the onion market has been badly damaged in recent weeks. It was looking for positive signals. Perhaps the stock market price increase in Emmeloord will give citizens courage again.
The stock market quotations seemed to be in free fall lately. In week 7, the stock exchange quotation in Emmeloord was still at €18 to €21. After that, stock market prices fell a little further every week. This week that finally changed again. The stock exchange committees in Goes and Middenmeer still quoted lower this week than a week earlier, but on Thursday the Emmeloord stock exchange published a quote of €13 to €16 for both coarse grades. This means a plus of €0,50 compared to last week.
Price-keeping
Another positive sound from the Emmeloord stock exchange is that it describes the mood as price-oriented. This means that supply is less than or equal to demand. The price increase at the stock exchange committee in Emmeloord comes a day after the lowest export figures were published. In week 10, the export figure remains at 11.464 tons. Exporters and packers indicate that this week was busier than the past 5 weeks.
The spread in bale prices is very wide, just like last week. An overview of the bale prices can be found in the DCA listing Bale price Onions.