Netherlands: The futures market for potatoes must release the 30-euro limit

Published 2023년 2월 23일

Tridge summary

The article reports a decrease in the April delivery price for French fries potatoes to 28.60 euros per 100 kilos, a nearly 2 euro drop from January, due to a slow in buyer demand and profit-taking. The future harvest quotes have remained steady between 23 and 23.50 euros per 100 kilos. Belgian processors are waiting to buy, as they have sufficient coverage for their raw material needs. The chip potato market remains stable, with prices ranging from 28.50 to 32 euros per 100 kilos, a slight increase of 0.25 euros from the previous week.

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

Original content

Yesterday, the EEX in Leipzig noted 28.60 euros per 100 kilos for French fries potatoes on delivery in April. That is now almost 2 euros lower than the quotation at the end of January. The quotation for potatoes from the 2024 harvest is more stable and has varied between 23 euros and 23.50 euros per 100 kilos in recent weeks. According to broker De Vries & Westermann, the pressure on the futures quotes is largely caused by the wait-and-see attitude of buyers. Belgian processors in particular appear to be better covered for their raw material supply. The buying interest is therefore less than in previous weeks. De Vries & Westermann also sees an influence of profit taking on forward prices for potatoes. The current potato market is still price-holding, incidentally. This ...

Source: Nieuwe Oogst