Things went down slightly on the EEX in the past week. For several days in a row, the contract for April 2023 is now trading just below the 30 euro/dt mark. However, interest in trading has recently waned again. No contracts were traded as of midday today. Bid and ask prices are 0.20 euros apart. The interest in long contracts is greater than the willingness of the exchange participants to sell. There is still no interest in further delivery dates. Both bid and ask prices are in the order book for the April 24 contract, but they are almost a euro apart. The situation on the processing market is generally unchanged. Belgian factories in particular are looking for volumes. The supply in their own country is too small for the demand, which is why buyers also shop across borders. Prices in Belgium remain unchanged for Fontante and Challenger at 30 euros/dt, for Innovator prices between 30.50 and 31 euros can be called up. The RNM in France does not change the quotations. Contract goods are still sufficiently available here, but free quantities are increasingly traded.The producers appear to be conditionally willing to sell in the hope that prices will continue to rise. The situation on the food market remains balanced. The listings are mostly unchanged. It is reported from Israel that the early potato harvest is about to start. According to market experts, the potatoes have developed well and a better harvest is expected compared to last year. The country's exports amounted to 150,000 tons in 2022, of which 122,000 went to Europe. This amount is also expected for this year.
ZMP Live Expert Opinion
The mood on the processing market is no longer as great as it was two weeks ago, but it is still good. Further surcharges are not excluded. Meanwhile, the food market remains balanced without any sustained impetus.