Onion prices showed a downward trend for a long time, but for a number of weeks onion prices have started to rise. This week, stock exchange committees showed double digits in their quotes for the first time. With the opening...
With the opening of the onion market in Senegal, all packers are very busy. The question is very broad. In addition to orders from Africa, there is also demand from Central America, Europe and the Far East. As mentioned, demand in West Africa is good, but exporters still face competition from Spain and Morocco.
There is plenty of mood on the farm. At this time there is often off-shore pressure from parties that cannot be stored. However, onion prices continued to rise last week. A number of packers still need working inventory to meet export demand.
As more batches are brought in, it is noticeable that quality could well become a problem this year. The wet weather in combination with few hours of sunshine means that bacteria and mold will become more prevalent this year. In addition, it is questionable whether MH spraying has been successful in many parties because of the mildew problems.
All 3 regional agricultural fairs are showing positive sentiment in onion prices this week. For the first time this season, double figures are recorded for sowing onions. When we compare all the quotations, €7 to €10 is paid for seed onions.
Because farm prices have risen, bale prices have also been forced to rise. An overview of the bale prices can be found in the DCA quotation on bale prices for onions.