With about 10 weeks to go, it will be exciting how the onion season will end. Stocks are thin on both the farmer and the processors. However, the export volume is too low to thrill the market.
With the latest published export figures (week 12), the Netherlands has broken the magical barrier of 1 million tons of exported onions. However, the weekly volume of 13.221 tons that provided the final push is still too low to delight the market. Packers are currently slightly busier than in week 12. From Eastern Europe there is more information about Dutch onions and more orders are also being ordered, but only for low bale prices.
Revival subsides again
The week before Easter it seemed that onion prices would continue, but this revival quickly subsided again. When packers need new onions, they buy 1 or 2 lots and then disappear from the market again. There is no real appetite for new onions and the export demand is still too low, which means that the market continues to flow quietly. Nevertheless, stocks are thin at both farmers and processors.
The stock exchange committee in Middenmeer recorded this week unchanged compared to last week. In Goes and Emmeloord, both stock exchange committees showed a slight decrease. In addition, Middenmeer characterizes the onion market as quiet and Emmeloord as bland. This means that supply exceeds demand.
Bale prices have stabilized. An overview of the bale prices can be found in the DCA Quotation Bale Price of Onions.