The kick-off of the new onion season has already been given, but the real volume is yet to come. In the meantime, the onion traders can't sit on their hands, because the demand can explode. A vigilant attitude is therefore required.
After the kick-off of a new export season, Dutch onion exporters are now scanning the global market for demand. This mainly concerns the demand from Senegal. The country is expected to open its borders to Dutch onions again in the second half of August. No sensible word can be said about the exact date, but every season has something surprising, something unpredictable.
Lots of stock
Traders are anticipating that the border may open earlier than September 1 through a number of container deliveries, which will be sent this week. They'd better be on the quay already, seems to be the motto. Onions are also on their way from Mauritania to relieve some of the pressure on the market there. Little is known about the exact number of containers, but it could be several dozen, which could potentially influence the opening of the Senegalese border.
The supply of onions is still limited. Many onion onions will be harvested in the next two weeks. Early seed onions have also been traded. These can then follow the onion sets seamlessly. Many onions were traded last week and the first half of this week. Sitting still was not an option for the trade. Demand seems to have subsided somewhat in the second half of this week.
The bale prices radiate stability at an average of €30 and fall into the firm category for buyers abroad. The countries in Africa in particular, where a very large part of the spending budget is spent on food, are therefore having a difficult time. This can influence the desire to buy. More information about the DCA listing Bale price Onions can be found by clicking on the link.
Fair Goes
This week the stock exchange in Goes listed onion onions again. It is necessary to pay extra attention to this. The reported price range of €19 to €24 per 100 kilos concerned both field-grown and dry barn onions. For onions from the field, growers should take into account a price range of €19 to €22 and for dry from the shed from €23 to €24. Anyone who will be paying for their onions at Beurs Goes this week should take note of this, so as not to get rich too quickly.
The difference between the field crop price and the bale price largely concerns costs incurred by the sorter. The energy costs that sorting companies have for drying the onions in particular have a significant impact.