Brazilian Potato Prices Surged 92.82% YoY in W6 Due to Supply Shortages and Weather Challenges

In W6, Brazilian potato prices soared by 92.82% YoY, reaching USD 1.05/kg, driven by continuous rains affecting root crop production since Jan-24. The top potato exporting hub experienced a 30% YoY reduction in production due to adverse weather conditions, leading to a substantial price hike. Consequently, consumers faced a 300% rise in prices, impacting traders with reduced profit margins, and prices are forecasted to remain high until Mar-24, when increased production may lower prices.