EU: Large crop supply still puts pressure on potato prices

Published 2023년 1월 17일

Tridge summary

The article provides an overview of the current potato market, focusing on prices and the harvesting progress in Northwestern Europe. It highlights a decrease in prices for potatoes used for large-scale fries processing, with potatoNL reporting a drop to 11 to 13 euros per 100 kilos, attributing the decrease to reduced demand from the processing industry. Concurrently, future delivery prices for these potatoes have seen an increase, indicating a market discrepancy. The article also mentions that ongoing dry conditions in some areas have slowed down harvesting, but recent rains have aided the process. As of last week, harvest progress in the Netherlands and Belgium stands at over half of the main harvest, with France slightly behind at approximately 80% completion for areas already cleared.

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

Original content

PotatoNL yesterday quoted potatoes suitable for French fries for large-scale processing at 11 to 13 euros per 100 kilos. That is on average 1 euro lower than the week before. At the end of last week, Belgapom, on behalf of the Belgian potato trade, quoted Fontane and Challenger unchanged at 10 euros per 100 kilos. In an analysis of the potato market, stock broker De Vries & Westermann confirms the limited interest from the processing industry. The lower raw material prices in recent weeks have prompted buyers of frozen fries to negotiate more competitively on product prices. According to De Vries & Westermann, this also means that sales of the end product are somewhat more difficult. On the EEX potato futures market in Leipzig, the quote for French fries potatoes for delivery in April rose this week to 21.10 euros per 100 kilos. That is more than 1 euro more than a week ago. In mid-August, prices of 30 euros per 100 kilos and more were still paid for April contracts. The ...

Source: Nieuwe Oogst