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"A turning point at the William Nannes, J.P. Beemsterboer Food Traders: onion market"

"There seems to be a turning point on the onion market"

The export of onions is currently a bit quieter. "Initiated by growers there was a rise in the price. That is always dangerous if the markets are not ready for that. That is why there now seems to be a turning point. I feel we have gone just a bit too high with the bale price and we are now reaping the fruits in a negative sense, "says William Nannes of J.P. Beemsterboer Food Traders.

"India is now also exporting again, and that has an impact on our exports to the Far East. Processors now also remain calm for a while but are left with the dilemma they have to deal with; their expensive purchased stocks. The bale price for the 45/65 sorting was 19 cents and for the 40/60, 18 cents, but there is now some pressure. For the 60/80 grading, the 21 cent remains, the supers are also firmly in the saddle with 23 cents, "says William.

"Meanwhile, the wet conditions slow the planting. The earliest plots are planted, but it is very wet and therefore the new season will certainly not start early. That also gives a certain tension. And then there is the impact of the Corona virus, which makes it a lot harder to get things done in the logistics area. Positive for the onions is that when people start hoarding in the Netherlands, the onions and garlic are often on the shopping list because of their intended beneficial effects."

For more information:

J.P. Beemsterboer Food Traders
William Nannes
T: +31 22 639 6408  

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