The Egyptian potato is conquering Eastern Europe

Published 2024년 9월 28일

Tridge summary

Potato-growing regions in Belgium, the Netherlands, France, and Germany have experienced unfavorable weather conditions, leading to quantitative and qualitative losses. Despite these challenges, potato acreage in Western Europe has increased by 7%, potentially leading to the best production results in five years. However, the market is struggling with an oversupply of low-quality potatoes and a lack of high-quality ones. Egypt, a major importer of potatoes, is playing a crucial role in the market, particularly in supppling to Eastern European countries with a potato shortage. Hungary, which relies heavily on imports to meet its consumption, is looking to Western Europe as its main source of potato supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, potato-growing regions in Belgium, the Netherlands, France and Germany were also affected by unfavorable weather conditions. Sector actors reported both quantitative and qualitative losses. However, with potato acreage growing by 7% in Western Europe, this could potentially raise production there to 22.7 million tonnes, which would be the best result in five years. Poland also reported an increase in the area planted to potatoes in July, although the quality of the crop is also surrounded by question marks. All in all, although there are many potatoes, there are few high-quality items. An oversupply may arise on the EU's potato market from reduced-value, poorly storable potatoes, while there has been no significant volume expansion in the potato processing sector. All of this makes it necessary to sell large quantities quickly. So at the moment, there is a lot of tumult on the European market, the biggest exporters are stretching their tentacles all the way to Ukraine. ...
Source: MezoHir

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