The trading year in Dutch onions of the 2020 cultivation season is almost over. Will there be another round of buying for the last onions or do packers have enough stock to last?
The most recent export figures are from week 20 and amount to 13.833 tons. At the moment (week 23) it is a bit quieter in exports. This also means that few additional onions have been purchased at the farmer this week. Many packers still have some stock and are now going to empty it, and then put an end to the 2020 growing season.
New harvest is taking a long time
However, a number of large packers will continue to operate for a little longer, given the obligations they still have outstanding. These parties purchased the necessary additional onions at the beginning of last week and the week before and are therefore now keeping calm. However, because the new harvest takes a little longer to arrive, these packers still need new onions.
Last week, for the first time since the beginning of March, €20 per 100 kilos was on the board of the quotation committee in Emmeloord. This week the €20 has already been taken off. The onion quotation in Emmeloord now amounts to €16 to €18. The stock exchange listing in Goes reached €20 a few days earlier, in combination with a bottom of €17.
Bale prices remain stable. There is no room for export to increase bale prices. An overview of the bale prices can be found in the DCA listing Bale price Onions.