W49: Weekly Potato & Sweet Potato Update

Published 2022년 12월 14일

Potato

Global

The price of potatoes has significantly risen recently all over the world. A shortage in the market, according to some agricultural experts, is to blame for the rise in prices because selling costs are influenced by supply and demand. Others contend that it is the result of overcharging by some merchants who control the goods by purposefully lowering the quantities that are readily available to raise the prices of the goods.

In Georgia, a significant potato-producing area experienced a lower harvest this year, which increased prices. To satisfy local demand, imports have increased, but prices are still rising. The average wholesale potato price in W49 in Georgia is USD 0.66/kg, which is an increase of 6% WoW. Georgia imported 530K MT of potatoes in October, according to official trade data. The biggest suppliers are from Kazakhstan, Kyrgyzstan, and Armenia. Georgia will begin its subsequent significant potato harvest in May 2023. Experts predict that up until that point, Georgia will be able to import potatoes from its neighbors. The most recent record for potatoes sold in Jordan is USD 1.41/kg.

United States

Potato Sales in the US from July-September 2022 Increased by 17.8% YoY

The total sales volume of all types of potatoes, including fresh, frozen, and canned, increased to nearly USD 4B in July-September 2022, which is 17.8% YoY higher than in July-September 2021. Due to a scarcity of fresh potatoes, sales increased for all types except fingerling and purple. All package sizes increased in price, except packages weighing more than 10 pounds, which fell by 27.3%. The price of 5- and 10-pound packages increased the most, by 29.4 and 29.3%, respectively.

Poland

Potato Price in the Polish Wholesale Market for W49

The Polish domestic potato market is stable and of high quality. However, the situation may change slightly in January as the quality of the Polish potatoes declines, leading to an increase in imports from Western Europe, most commonly from the Benelux nations. Prices for domestic potatoes in W49 range from USD 0.18-0.23/kg. Rare varieties such as Irys were priced at USD 0.27/kg while Cypriot potatoes, which are valued and well-known, were priced at USD 0.91-1.02/kg.

Uzbekistan

In Two Weeks, Wholesale Prices for Potatoes in Uzbekistan Increased by 13%

The average wholesale price of potatoes in Uzbekistan has risen by 12.5% in the last two weeks, reaching its highest level since early July 2022. However, wholesale prices in W49 are 10% lower YoY. Except for a short period in the second half of August, average wholesale prices for potatoes in Uzbekistan remained stable and remained at USD 0.36/kg from mid-July to the end of November this year. However, the average wholesale price of potatoes in Uzbekistan increased from USD 0.36/kg to USD 0.40/kg between November 25 and December 9, 2022.

Russia

Potato Harvest Increased by 20% In 2022 in Ivanovo Region, Russia

In 2022, in the Ivanovo region, 19,600MT of potatoes were harvested, which is up 20.2% YoY. Ivanovo farmers will begin receiving subsidies for agrotechnological work, the production of potatoes, and open-field vegetables in 2023 under the new federal initiative "Development of Vegetable and Potato Growing." According to the director of the regional department of agriculture and food, USD 169,263 would be set aside for these uses. It is anticipated that the region's vegetable and potato production will increase as a result of subsidies.

Omsk Farmers Increased Potato Harvest by 30% In 2022

The 2022 potato harvest in the Omsk region was 420K tonnes, which is more than 30% of 2021's harvest of 321K MT of potatoes. The potato yield has significantly increased this year, from 18MT/ha in 2021 to 24MT/ha in 2022. Farmers who plant this crop may be eligible for financial assistance with technological upgrades and fertilizer expenditures. All this made it possible to obtain a harvest that completely covered the needs of the region.

Peru

Potato Production in Peru Would Fall by 40% in 2022 Season Due to the Drought

Potato production in Peru could decline by up to 40% if drought and frost continue, which could lead to a shortage of this food in Lima's wholesale markets and those in other regions of the country. In response to this issue, the president of the Protec Guild noted that farmers had already noticed a 20% decrease in this tuber's yield as a result of increased fertilizer use and a dearth of certified seeds. With the current droughts and frosts, it is projected a 40% decline in potato production in Peru.

Brazil

Potato Prices in Brazil’s Wholesale Markets in W49 Skyrocket Due to the Rainy Season

W49 began with high rainfall in the producing regions of Southwest São Paulo (SP) primarily, in the south of Minas Gerais (MG). Thus, due to the rainy conditions, harvesting activities were completely unfeasible in both locations on the first two days of the week. In São Paulo, potato prices increased by 48% WoW to USD 20.21/25kg while In Rio de Janeiro potato prices increased BY 44% WoW to USD 20.05/25kg. In Belo Horizonte, the potato price increased 96% WoW to USD 26.54/25kg. The higher wholesale prices in Minas Gerais are a direct reflection of the rains in the region's producing areas since they are the main suppliers of this Central.

Sweet Potato

South Korea

Sweet Potatoes From Gimje Were Exported to Hong Kong for the First Time This Year

On December 9, 8MT of sweet potatoes were exported from Gimje, North Jeolla Province, to Hong Kong. This is the first time Gongdeok sweet potatoes have been exported this year.

Vietnam

Officially Exported to China, the Price of Purple Sweet Potatoes Increased 10 Times

The purple sweet potato was priced at USD 0.064/kg in Binh Tan district, which has been the largest sweet potato growing region in the west of Vietnam for many months. However, the sweet potato price increased by 10 times to USD 0.64/kg after it was allowed to officially export to China. Despite the current high price, producers do not have enough potatoes to sell.

Spain

Spanish Province of Cádiz, Is the Largest Sweet Potato Growing Region in Europe

Sanlúcar de Barrameda's sweet potato cultivation has increased significantly over the last ten years, and it is now Europe's largest sweet potato growing area. But growers have cut back on the number of acres this year due to competition from other countries. This season's crop will be about 5,500MT, or about half of 2021. As a result of the high demand and increased cultivation. The cooperatives of Sanlúcar de Barrameda were also able to sell a portion of the harvest to businesses that produce crisps, dried and cooked sweet potatoes, or mashed potatoes. The product line's diversification causes annual consumption to rise by about 5–7%. The Sanlúcar de Barrameda cooperatives generate about USD 85.21M in revenue annually. The majority of production is exported to Germany, England, the Netherlands, France, and Romania.