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Tjerk Nagel, Konaxx Onions:

"Sluggish financial flows make for high-risk trading"

"This season's onion market is very exciting on all fronts," says Tjerk Nagel of the Dutch company Konaxx Onions. "Rising prices may be justified, but global financial flows are incredibly sluggish. The onions are selling for a lot of money, but that's coming in too slowly. That makes trading, as a whole, very risky. Everyone's keeping a close eye on their cash flow. The market's good and has potential, but caution, which I sense everywhere, is needed."

"Also, the onions' quality is seriously concerning. The market is excellent," Tjerk says, "but when it comes down to it, many batches are simply disappointing, quality-wise. We're therefore delighted with the fully automatic sorting machine we invested in last year. We can sort the batches well."

"Africa is still the largest onion buyer for now, but Europe will have to take over that role soon. I'm not too worried about whether we have enough onions available. They were supposed to have run out last year, but we kept packaging Dutch onions until late June. To prevent shortages, we'd imported Egyptian onions, which we should never have done; it didn't work out well," Tjerk concludes.

For more information:
Tjerk Nagel
Konaxx Onions
32 Kadal
9079 KW, Sint Jacobiparochie, NL
+31 (0) 518 491 255
[email protected]
www.konaxx.nl

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