In the autumn of 2021, the onion trade could not be started. Now that packers are willing to buy onions, onion growers are sitting back and waiting for high prices.
The latest export figures are those of week 2 and amount to an export of 19.572 tons. This figure is 2.694 tons higher than the export of week 2 in 2021. This extends the lead on the 2020 cultivation season to 10.630 tons. Current export demand comes from well-known destinations at this stage of the year. Great Britain is fairly constant in its purchase, especially for large onions. Onions are still going to Africa, but in smaller volumes than before the turn of the year. Ivory Coast is one of the largest buyers of Dutch onions. They decrease more than in recent years during this period of the export season, but this demand is now starting to decrease.
Difficult to buy onions
In recent weeks, a lot has been done on the farm on the nicer lots. There is a lot of interest among packers for both immediate collection and delivery in the long term. It is very difficult for them to buy onions. There is a lot of mood among onion growers, which is caused by a number of factors: Statistics Netherlands has revised the yield forecast downwards in its final harvest estimate, the export figures continue to be ahead of the record season 2020 and Poland is one of the largest buyers at the bottom of the market. year. In addition, packers will eventually be forced to buy onions at higher prices, which only makes the mood even more stable among onion growers.
All stock exchange quotes have taken a good step forward in the past week. When the quotations are placed next to each other, €30 to €60 per 9,00 kilos is paid for the 12,00 to 100% coarse grading and €60 to €10 for the 12,50% upward grading. In addition, the exhibition committee in Emmeloord indicates a fixed market, which means that the demand is greater than or equal to the supply.
Bale prices are going up very slowly. An overview of the bale prices can be found in the DCA listing Bale price Onions in the database of Boerenbusiness.