Covid-19 and its implications for the global potato market

Published 2020년 10월 28일

Tridge summary

The global potato industry has been significantly impacted by the coronavirus pandemic, with growers in the Northern Hemisphere planting more table potatoes due to increased demand from home-bound consumers, while the catering industry's shutdown led to a decrease in industrial potato production. US potato production fell by at least 5% and potato processing by over 10%, but total production in the five largest potato-growing countries in Western Europe increased by approximately 4% compared to the previous year. Consumption of table potatoes surged by 20% in many countries in April and May, but decreased as corona restrictions eased.

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

Original content

According to Cedric Porter, editor of World Potato Markets magazine, the coronavirus has had a major impact on the global potato industry since the virus was discovered and spread earlier this year. Covid-19 was on the rise as growers in the Northern Hemisphere prepared to plant their potatoes. Many growers in Europe and North America planted more table varieties in response to increased consumer demand, as the lockdowns forced them to stay home and cook at home more often. At the same time, the catering industry in general was shut down all over the world, as a result of which the area of industrial potatoes decreased: the demand for this type of potatoes fell sharply. This meant that US potato production fell by at least 5%, while potato processing fell by more than 10%. At the same time, total production in the five Western European countries with the largest potato growing areas, being Belgium, France, Germany, the Netherlands and the United Kingdom, increased by about 4% ...

Source: AGF