"Continuous expansion of the potato acreage leads to oversupply and price pressure"

Published 2020년 10월 5일

Tridge summary

The potato industry in Bavaria is facing a significant oversupply due to expanded cultivation areas, which have resulted in a 15% higher harvest than the average, causing prices to drop significantly. The catering industry and large consumers are buying less due to the COVID-19 pandemic, further exacerbating the oversupply. The situation is especially challenging for extra-large potatoes, which are in low demand and have low prices. Despite these challenges, Johann Schmidt, a potato trader, believes that there is potential in the Bavarian potato industry and is optimistic about the development of modern varieties. He emphasizes the need to reduce the potato acreage to cover production costs and highlights the difficulties small companies face in the current market conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Due to the drought problems of recent years and the resulting crop losses in the potato industry, many growers decided to expand their existing areas. However, the subsequent larger harvest has led to a significant oversupply on the potato market. Especially in this sales year, which is determined by corona, with a lack of demand from the catering industry and large consumers, the surpluses are causing considerable pressure on the market, says Johann Schmidt, potato trader from Dinkelshausen in Bavaria. A look at the potato warehouse of the Schmidt company. The harvest of the medium-early consumption varieties has almost come to an end: the Bavarian Statistical Office in Fürth reports that the potato harvest this year is 15 percent above the long-term average. In Bayern one can harvest 1.9 million tons of potatoes. This means that for every inhabitant of Bayern there would be about 145 kilos of potatoes from their own region available. "A slightly above average harvest with good ...
Source: AGF

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.