Philip van Geest (VGI): Good demand from the United Kingdom for open field vegetables

"Greenhouse vegetable prices fell sharply after run on supermarkets in past two weeks"

During the last trading days, the prices of greenhouse vegetables such as bell peppers, tomatoes, aubergines and cucumbers have fallen sharply. "For cucumbers, 0.01 each was listed at the auction yesterday," says Philip van Geest of Van Geest International. "The cause is the partial lock downs in Europe and the heavily scaled back orders from the chain stores.

"These orders were enormous for two weeks, but these have been particularly disappointing in Germany in recent days. The UK is currently very much in favour of open field vegetables such as cabbage, onions, carrots and broccoli, "says Philip. "Logical, since many of these vegetables have a longer shelf life and can therefore be a great buy for the infamous hoarders."

"You can see very well in day trading that the companies that supply restaurants order virtually nothing. The wholesale markets are doing better, but there is also a quieter period ahead. Many companies are looking at alternatives such as delivery, vegetable boxes, etc." says the exporter.

"It is also important as a trading company to not only pay attention to costs. Consider, for example, the different classification of work, working from home and the use/ non-use of self-employed persons.
But it is also important to keep a close eye on your debtor management. The blows may fall there in the next few months, even though trade could have recovered during that time," Philip concludes.

For more information :

Van Geest International
Philip van Geest
T: +31 (0)174-514300 

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