Tridge summary
The article provides an overview of the potato market in Western markets, particularly in Europe, during the pandemic. It highlights the challenge of imbalances between supply and demand due to expanded cultivation areas, leading to high harvests, but reduced demand from the HoReCa industry and lingering stocks from the previous year. The European potato producers' association, NEPG, anticipates a slight decrease in consumption potato yields but a significant increase in the total harvest, reaching 27.9 million tonnes in the top five EU countries. The current market dynamics and the impact of the pandemic on retail and processing demand are discussed, leading to an expectation of low potato prices until the end of the year. Additionally, the article touches on the effects of the crisis on the potato chip industry and the pricing for potatoes used in starch and animal feed production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
How are potatoes in Western markets doing in a pandemic? The vegetable harvest is very high, mainly by expanding the cultivation area. The situation is worse with the demand for products, which fell as a result of restrictions imposed on the hotel, restaurant and catering (HoReCa) industry. In addition, vegetables harvested last year still remain in the cold stores. The European potato harvest will be greater than last year. The reason is the expansion of the cultivation area. As for consumption potatoes, the yields are slightly below the average level from the last 5 years, but also higher than in the previous year. This is the opinion of the Northwest European Potato Producers Association (NEPG). As the area under cultivation increased by 0.7% compared to the previous year, the total harvest for the five most important producer countries in the EU - namely Germany, France, Great Britain, Belgium and the Netherlands - is estimated at 27.9 million tonnes. Last year, Northwest ...
Source: SwiatRolnika
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