Potato prices in United Kingdom are down in November, but still higher than 2021

Published 2022년 11월 28일

Tridge summary

The price of UK potatoes, as reported by Mintec, has decreased by 5% to €220/tonne in November, a decrease attributed to the full harvest of the main crop and an increasing market volume. Despite this decrease, the price is still 31% higher than last year. Growers face higher costs for energy, fertilizer, and transport. Storage costs have also risen due to increased electricity costs. Some growers are expected to sell their stocks earlier in the season due to high drying and storage costs, which could lead to lower prices and decreased stocks later in the season.

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

Original content

The Mintec benchmark price for UK potatoes fell 5% month-on-month to €220/tonne in the week of November 23. The price of potatoes has gradually decreased since the start of the harvest, as the harvest of the main crops was in full swing and an increasing volume of the crop was entering the market. Despite the recent price drop, the price is still up 31% year-over-year. Potato growers are still confronted with higher cultivation costs than last year, especially energy, fertilizer and transport costs. Potato storage costs have increased significantly compared to 2021 due to higher electricity costs, the main price driver at this time of year. ...

Source: AGF