Kartoffeln News, 10/27/2023

After it was quiet on the EEX until the middle of the week, 20 contracts in the April date were traded yesterday, Thursday, and 33 contracts were traded by late morning this Friday. The price of the tubers for delivery in April 2024 was able to improve to 24 euros/dt. The open interest has recently increased, but Saxo Bank's exit from the EEX business is clearly visible. In October 2022, there were still an OI of 3,366 contracts in all tradable contracts. As of the end of October 2021, there were 3,957 contracts for which there was a holding buyer and seller. Little changed on the processing market over the weekend. Factories in Belgium, the Netherlands and Germany show little interest in free goods. Although production is running at full speed, it can easily be utilized to capacity from contract goods and excess quantities from contract cultivation. PotatoNL subsequently did not issue a listing on Monday. In France everything remains the same. The factories are well supplied, there is only a rudimentary free market; Fontane can earn up to 10 euros per deciton here.Freight capacities have become scarcer in France due to the corn harvest but also due to general problems. Exports to Spain and southern Europe as a whole are taking place, but export prices are also coming under increasing pressure. There are still reports of a low supply of frozen products in Germany; consumer demand is still described as good. Despite full capacity utilization, inventories are likely to remain low. On the farms, farmers are particularly concerned with storage; final harvest work continues, but is repeatedly interrupted regionally by weather conditions. There is also little change in the food market . Waxy table potatoes can easily achieve higher prices in southern Germany, the same also applies to predominantly waxy varieties. However, prices are stable in almost all other regions. The storage of the main harvest has also been completed in many regions, which means that supply is likely to become somewhat scarcer in the near future. Inter-regional shipping is currently low because the source regions can also currently supply themselves from the harvest. Overall, the harvest is mostly complete.In Lower Saxony, harvesting work has fallen behind, especially in the western parts of the country. North Rhine-Westphalia reports good demand from the food retail sector, with regional promotions being carried out here.