Spain: The retail price of potatoes drops 40% now that UK imports are allowed again

Published 2023년 9월 28일

Tridge summary

The Canary Islands experienced a rise in potato prices during the ban on imports from the UK, with some supermarkets selling locally grown potatoes for up to €5 per kilo. However, since the ban has been lifted, prices have dropped to around €1.60 per kilo, a decrease of almost 40% compared to the average price during the restrictions and a significant 68% drop from their peak. The lifting of the ban followed extensive discussions between the Spanish and British agricultural ministries.

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

Original content

The announcement of the end of restrictions on potato imports from the United Kingdom has already had a positive impact on potato prices in the Canary Islands. The Association of Supermarkets of the Canary Islands (Asuican) reported that during the period of the ban on the import of British potatoes, the average price of potatoes rose to €2.60 per kilo, while locally grown potatoes in some supermarkets even reached up to €5 per kilo had increased. Asuican now says prices have fallen to around €1.60 per kilo, which is a drop of almost 40% compared to the average price during the import restrictions and a significant ...

Source: AGF