Netherlands: Lowest onion price in almost two years

Published 2024년 4월 26일

Tridge summary

The agricultural fair North and Central Netherlands (LNCN) in Emmeloord has reported a significant decrease in onion prices, with large yellow onions now costing 15 to 18 euros per 100 kilos, a 24 euro drop from the start of the year. This price drop is due to an oversupply and reduced demand. On the other hand, large red onions are still commanding higher prices, with the last quotation of the season being 65 euros per 100 kilos. The increase in yellow onion supply was expected due to a slight adjustment in the final onion harvest of 2023 by Statistics Netherlands in January. Additionally, the rise in yellow onion prices is also attributed to lower than expected exports, especially to Brazil, and increased demand from Israel.

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

Original content

Agricultural fair North and Central Netherlands (LNCN) in Emmeloord, Flevoland, recorded 15 to 18 euros per 100 kilos this week for 60 percent large onions. That is on average 24 euros lower than at the beginning of this year. Back then, the most expensive yellow onions were sold for 45 euros. The LNCN listing committee describes the onion market as lackluster. That is an indication that there is now more supply than demand for yellow onions. The 60 percent large red onions at LNCN were quoted at an average of 65 euros per 100 kilos in week 16. This turned out to be the last quotation of the season, because not enough transactions are reported anymore. Only the Middenmeer fair published an indicative price of an average of 63 euros for medium-sized red onions last week when the market was calm. Traders report that imports from Egypt, among others, are putting an end to the limited availability of red onions. Different mood One cause of the lower prices for yellow onions is the ...

Source: Nieuwe Oogst