Overview of world potato markets

Severe weather conditions across the globe have impacted potato crops, leading to smaller harvests in the United States (US), Europe and Australia last year. Europe faced drought, while Australia dealt with heavy rainfall. This season, Europe is already feeling the effects of extreme weather, with record-high temperatures in Spain and Portugal causing reservoirs in southern Spain to dip below 30% capacity. In addition, a cold and wet spring in northern Europe has delayed planting and hindered crop growth. As a result, potato prices have soared, with the average Spanish price surpassing €700/ton for the first time. In France, Belgium and Germany, prices of at least €400/ton have become the norm for processing potatoes. Conversely, planting conditions in the US and Canada appear favorable, potentially leading to larger potato crops. However, producers in the US face the long-term threat of climate change, with 80% of cropland at risk by 2040. The challenges faced by the US and ...