It certainly wasn't a boring week on the carrot market. Several transactions have been made at a high level. Growers have the feeling that something is really going on in the market and this gives them confidence.
This week is the Fruit Logistica fair in Berlin and that is usually not a week when the carrot trade is busy. That has now turned out a bit differently. The price has risen considerably, mainly driven by long-term developments. This increase is mainly based on expectations and is highly speculative in nature. That doesn't matter to a grower, money is money. Some flushers and traders see the price rising and ask growers left and right how much is still available and what the growers have in mind for a price. A grower who receives a few of those calls in a row will soon have the idea that things are really going well and will become more determined.
Market is locked
Based on price, you would expect that something is really going on in the carrot market. But exports are generally very quiet. The regular work continues, but that is where it ends. It is a bit difficult to prove objectively, but DCA's Transaction App, for example, is not flooded with carrot transactions at the moment. In effect, the carrot market has been further closed down. "Growers now charge almost the same amount of money as what we get for the rinsed carrots in the bag, which does not help to actually rinse something away in a week," says a rinser.
The DCA quotation for b-carrot has increased considerably this week by €6 to €30 to €38 per 100 kilos. However, most trade is at the bottom of the quotation. The DCA quotation for c-peen this week amounts to €36 per 100 kilos, an increase of €5 compared to last week.