Many onion growers have been looking forward to this week 20. Last year the onion market started to run in this week. Has the fuse been set on fire in recent days?
In week 20 of last year, stock exchange quotes in Emmeloord rose by €2,75 for the 30 to 60% grading and €3 for the 60% upward grading, after which the onion market prepared for a final offensive.
This year the price increase in week 20 is somewhat less spectacular. The stock exchange quotation in Emmeloord increases by €1 for both coarse gradings. This increase is mainly due to the successful exports of European retail parties during the past two weeks. There was a lot of demand from these destinations, especially last week, which resulted in more sales. Because there are still few high-quality lots, it is becoming increasingly difficult for packers to buy good onions.{{dataviewSnapshot(2_1621604899)}}
This week, demand from European retail is at a lower level. This is partly due to Spanish onions, which are available on the international market. Many destinations that have placed orders in the Netherlands in recent weeks have ordered Spanish onions this week.
The bale prices remain unchanged this week. An overview of the bale prices can be found in the DCA listing Bale price Onions.