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Analysis Onions

Onion buyers and sellers keep each other in line

3 November 2023 - Jurphaas Lugtenburg

The onion market does not really want to move yet. Growers with good onions keep their sheds closed. Sorters are unsure about which direction the market is taking and are not keen to buy onions. Everyone stares at each other without much happening.

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The current season does not stand out in the export figures. After a few seasons where records were broken, this takes some getting used to. Some sorters may grumble that it is not busy, but until a few seasons ago we thought 30.000 tons per week was quite normal. In addition to exports, quality remains the theme on the onion market. Many of the lots that are currently being traded have a story behind them. Sorters have the time to pick up a lesser box and if you do it a little cleverly, you can make a margin on that. Preparing such a batch for destinations such as Indonesia, Malaysia or Southern Europe is quite a gamble, and you have to wonder whether it is worth the risk at all.

De DCA quotation Bale price of Onions remains under some pressure, although it is difficult to provide an accurate reflection of the market due to differences in qualities and additional requirements that certain destinations require. Overall, the coarse and supers remain quite stable in the low €40s. Things are a bit more difficult in middles and triplets. Normally Africa attracts these sizes, but they have been a little too quiet for the Dutch exporters these weeks.

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