Since processors keep their working stocks low, many packers are forced to regularly visit the onion market. However, the mood among farmers with free onions is good, which has caused farmers' prices to rise.
In February, there was a period when processors bought a lot of onions in the long term. Many of those transactions did not go well financially, because the bale price did not increase. Since then, trading has mainly been done on the day market and little on the futures market. Stocks are also kept short. This means that processors have to continue to act on the onion market. But although it is often impossible to calculate the margins between farmer's prices and bale prices, the market is rising. This is because processors need product and have to go along with the fixed mood among farmers.
The latest figures on Dutch onion exports have increased the lead on last season. There have been few changes in exports this week, compared to previous weeks. It is at most slightly busier towards countries in Eastern Europe.
Positive impression on fairs
The regional stock exchange quotes are all making a positive impression this week. Prices are rising for both the medium grades and the coarsest grades. When the odds are placed side by side, 30% to 60% is paid roughly $12 to $15 and 60% upwards is $13 to $16. The trade fair committee in Emmeloord and Middenmeer also describe the onion market as price-bearing.
Bale prices rose slightly at the beginning of this week. The supers in particular (70 millimeters upwards) lead to the other grades. An overview of the bale prices can be found in the DCA listing Bale price Onions.