The onion export this season is one for the books. This week was a lot quieter for exporters. This is partly due to a number of international holidays.
The last published export figure is from week 15 and amounts to 17.126 tons. Once again a good export figure. However, this week it was a lot quiet in exports. This is partly due to Labor Day, which was held on May 2 this year. In many countries that serve Dutch exports, this is a national holiday. In addition, Eid-al-Fitr was also held this week, which also means fewer working days at many export destinations.
Because exports were a lot quieter this week, processors and traders were less active on the farm than last week. Nevertheless, the mood among onion growers is still great. Few onions are sold out, which is partly due to the fact that the industrial market in Poland is demanding. This onion industry provides a solid base in the market.
The increase that stock prices showed last week will continue this week. With the exception of the medium grading in Emmeloord (which remains the same), all stock exchange quotations have increased this week, with the most striking being the coarse grading, which in Emmeloord amounts to €15 to €17. In addition, the stock exchange committee in Middenmeer describes the market as price-sensitive and the stock exchange committee in Emmeloord as fixed.
Margins are still too tight for packers. Although bale prices have risen this week, the increase in farm prices has been similar. Packers therefore gain little benefit from a price increase in the bale.
An overview of the bale prices can be found in the DCA listing Bale price Onions.