In the EU, the price of potatoes for processing has risen to a record

Fresh Common Potato

Ukraine

Published Mar 6, 2024

Tridge summary

The Netherlands is facing a shortage of processing potatoes due to supply issues and heavy rains, pushing prices to a high of €37.50 per 100 kg, the highest since 2014. Conversely, Ukraine is experiencing a decrease in potato trading activity due to increased supply, leading to lower prices. However, prices are still 2.9 times higher than last year. In the first half of 2024, potato prices in Ukraine may rise to 35 UAH/kg due to the war, weather conditions, and market situation. The cost of growing potatoes has also increased by 40% over the past year.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

High demand and limited supply have pushed up prices for processing potatoes in the Netherlands to €37.50 per 100 kg, the highest level since monitoring began in 2014, FreshPlaza reports. Potato processing companies in the Netherlands have already faced a shortage of raw materials. Thus, the processing company VAVI processed 321.6 thousand tons of potatoes in January 2024, which is 10.8% less than in the previous year. The shortage of potatoes for processing is due to problems with obtaining them from suppliers. The Dutch manufacturing sector is becoming increasingly dependent on supplies from neighboring countries; in January 2024, 33.2% of the total supply was imported, compared to 21.4% of imports in January 2023. In addition, due to heavy rains during harvest, a significant amount of potatoes remained in saturated wet soil for a long period of time. According to the estimates of NEPG (Organization of Potato Producers of North-West Europe), 650,000 tons were lost during harvest ...

Source: Landlord