Potatoes returning from three years of above-average prices in Italy

Published 2024년 4월 22일

Tridge summary

Over the past three years, the European potato market, with a focus on Italy, has seen significant fluctuations in production and market dynamics, with 2021-2022 being the only stable year amidst disruptions caused by late frosts and floods. Italian potatoes command the highest market prices, surpassing those from Holland and France, while Germany remains the most economical option despite a 50% price hike in 2023. The 2023-2024 season is looking up, with preserved Italian potatoes exceeding 80 cents per kg and new entries from Sicily and Puglia. However, there's a noted decrease in Cypriot potatoes in the Italian market, an uptick in North African imports, especially from Egypt, and a consistent production of new potatoes from Sicily, which makes up nearly half of Italy's output. Adverse weather has led to a decline in common potato production, increasing imports and reducing exports in 2022, though market value has slightly risen.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Among the last three potato production years, the only one that can be considered "normal" is 2021-2022. The last two saw values sometimes double the average we are used to in wholesale markets; this not only for the national product but also in all European production countries. Even in the past it occurred that every 5-8 years or so there could be a season with high prices, but two consecutive years is almost an exceptional event: this situation occurs following significant drops in production. Persistent late frosts and floods affect entire production areas in various European countries. As regards prices, we find the Italian product with the highest values; followed by Holland and France, the latter on average with a few cents more per kg, often justified by an offer of the product with diversified packaging. The German product closes with always very affordable prices; also for this reason, however, this year the increase in prices is close to 50% compared to 2022, with ...

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.