Market: Falling temperature stimulates chicory prices

Published 2020년 9월 1일

Tridge summary

In August, the price of chicory in the Netherlands and Belgium fell due to high temperatures, dropping below the cost price, but has since recovered and risen to over € 1.50 per kilo. This is due to limited root stock availability and delayed production from 2019's growing conditions. The price is expected to remain steady, with demand for carrots also being high. However, in Belgium and France, the carrot cultivation outcomes are varied, with around 20% of plots affected by leaf miners, a problem not encountered in the Netherlands. Chicory is currently priced at € 1.98 per kilo at Jumbo, Coöp, Hoogvliet and Plus, and € 2.10 per kilo at Albert Heijn, with expectations of further price increases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

When the temperature rises, the price for chicory falls well below the cost price. This phenomenon was clearly visible in August. The heat period started on August 12 and ended around August 21. The price has now risen to well above € 1.50. It is striking that the price in Belgium is rising faster than in the Netherlands. Moderate and scarce According to Sjaak Gerards, chicory specialist at Chicogrow, the price for chicory will remain at the current level for a while. That is a legacy of the growing conditions in 2019 (heat, wetness), as a result of which the root stocks are limited and production is now considerably behind. “You can now be happy with 55 to 60 kilos per square meter”, Gerards knows because of his international grower contacts. "The current price is therefore necessary." In addition, the demand for carrots is high. “I think that the earliest carrot plots can be grubbed up at the end of September, beginning of October. That is also necessary ”, says Gerards. ...

Source: Groenten & Fruit