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Despite Record Exports Onion Market’s Mood Been Bland

Despite Record Exports Onion Market’s Mood Been Bland

2022-06-29

Despite Record Exports Onion Market’s Mood Been Bland

New winter onions that were picked on Monday were sent to Monie, a sorting and packaging firm in the Netherlands, on Wednesday. They look good, in Eric Moerdijk’s opinion. But aside from that, it’s difficult to make any predictions about the upcoming season. In most regions, the spring onions still require some time. Even though the soil is typically sufficiently moist, rain would be appreciated. Although the growing season has been fair thus far, the seed onions still need to develop.

“However, by the end of the season, the market is still stocked with a surprising amount of high-quality, aged onions. Although there are still a lot of onions available, I genuinely believe that sales are still doing okay. Currently, the majority of the onions that leave our factory are sold in stores across Europe. The export data, however, demonstrates that the international export markets are also still very busy.” Nevertheless, the season is officially drawing to a close, and stock market listings are falling further. What will be the price point of the new onions is the question. Eric ponders whether certain locations will transition to the new crop or stick with the old one for a little longer.

Overall, he claims that the atmosphere was quite dull for the entire season. The most noise was produced by the committed growers. Despite setting yet another record for exports this year, the surpluses will have a negative impact on the economy. The amount of land should be smaller next season, which can result in lower volumes. “Even yet, the tonnage might easily remain the same with better yields per hectare. Additionally, all of the higher costs, from transportation to cultivation, have a significant influence. At a certain price point, certain places reach a tipping point where demand may decline. That might be accomplished sooner than usual next season.”