A bumper crop of potatoes in Germany is expected to put pressure on potato prices

Published 2024년 9월 26일

Tridge summary

Germany is set to experience a significant decrease in potato prices in supermarkets due to a bountiful harvest of approximately 12.7 million tonnes, marking a 9% increase from the previous year and 17% above the average. This abundance, attributed to an 9% expansion in potato planting areas, is anticipated to drive prices down from the current highs, with smaller sack prices expected to reduce from 1.16 euros to 0.85 euros per kilogram. Despite challenges like late diseases due to weather conditions, the harvest size is notably larger than last year's. However, the consumption of potatoes in Germany has seen a decline, with a 28% drop since 1990 as more people have shifted their preference towards rice and pasta.

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

Original content

The rich harvest of potatoes in Germany is expected to lower prices in supermarkets, market experts quoted by the news agency DPA say, the Bulgarian Telegraph Agency reported. Preliminary German government forecasts show that local farmers will harvest a record crop of around 12.7 million tonnes in the coming months - up 9% from last year and 17% above the long-term average. Prices, which usually drop this time of the season, are particularly high this year for consumers in Germany, where potatoes are a staple of the kitchen. Potatoes are cheapest in late September and early October, said Christoph Hambloch, who tracks commodity prices for agricultural market analysis company AMI. Hambloch expects retail prices for smaller sacks of potatoes to drop from an average of 1.16 euros per kilogram to around 0.85 euros per kilogram, with larger sacks even more profitable. According to him, potato prices in Germany are now lower than a year ago. In September 2023, they cost around €1.26 ...

Source: Sinor