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News Onion market

Little action on onion market because of Ascension

27 May 2022

All onion packers were closed last Thursday. A number of packers have also closed their doors today. The half working week in combination with a quiet export means that few onions have been packed this week.

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No export figures were published this week. The latest export figure is from week 17. It is expected that week 18 will be in line with the two weeks before. At that time, exports amounted to around 17.000 tons of onions.

Due to Ascension Day it is a broken week. This is clearly noticeable in purchasing. After Wednesday, more or less no more onions were purchased. The desire to buy among processors is therefore low. Although the work inventories are also low, purchasing remains quiet because there is no production every day this week. Despite the fact that stock market prices fell slightly last Thursday and last Monday, panic has not yet broken out among onion growers. With the calendar in mind, they are looking more into the sales options. People often inquire about the options in Poland. Although Poland is still very demanding, they now receive a lot of offers there. As a result, buyers in Poland are also taking a back seat and the high prices that were mentioned two weeks ago are no longer an issue.

Due to Ascension Day, onion growers have to make do with two stock exchange listings this week. Few changes can be seen in Goes and Middenmeer. The stock exchange committee in Goes reduces the bottom of the 60% upward sorting by €1,00 and otherwise the quotations remain unchanged. The stock exchange committee in Middenmeer describes the market this week as quiet.

There has been little change in bale prices this week. Only for retail destinations have the middle sortings increased somewhat. However, these destinations only form a small part of the market. Most onions disappear into export. Because exports are quiet, the medium sorting for these destinations in particular is starting to come under slight pressure. An overview of the bale prices can be found in the DCA quotation Bale price of Onions.

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