EU: Potato prices are rising rapidly

Published Feb 7, 2024

Tridge summary

In 2023, potato farmers in Northwest Europe experienced significant crop losses due to adverse weather, high disease pressure, and increased costs. The Association of Potato Growers in Northwest Europe (NEPG) reported a loss of around 11,000 ha of crops and at least 650,000 tons of potatoes, causing futures prices on the European market to rise to EUR 37.50 per 100 kg. Despite these challenges, Belgium saw an 18 percent increase in potato production, while the Netherlands experienced a 14.9 percent decrease compared to 2022.

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

Original content

Major loss of potato crops Potato farmers in 2023 had to face difficult weather conditions, high disease pressure and very high costs. The Association of Potato Growers in Northwest Europe (NEPG) estimates that in its area of operation (France, Germany, the Netherlands and Belgium) approximately 11,000 ha of crops and at least 650,000 tons of potatoes. Increase in futures prices Prices on the European futures market continue to rise and stand at EUR 37.50 per 100 kg for the April contract - EUR 7 more than in December and almost twice as much as during the last lowest price in November of less than EUR 20 per 100 kg. Compared to the three other NEPG countries – Belgium, Germany and France – the potato harvest and area, and therefore the total production in the Netherlands, were also lower than in 2022. The Dutch potato crop recorded ...

Source: Farmer.pl