EU: Record highs in Dutch potato prices amidst supply shortages and weather challenges

Published 2024년 7월 26일

Tridge summary

The 2023 potato harvest in Europe has been significantly affected by wet weather, leading to a scarcity of free buying processing supplies and impacting potato quality. The 2024/25 crop is expected to be delayed in parts of North-west Europe, particularly Belgium and the Netherlands. The EU Commission has adjusted its 2024 yield forecast to 35.8 tonnes per hectare, slightly lower than earlier estimates but above the 5-year average. While processing demand is rising in the NEPG zone, especially in France, sales of frozen chips and other processed products are stabilizing or declining. Competition from North America, China, India, Turkey, and Argentina is intensifying, and the risk of growing potatoes is increasing due to volatile weather conditions.

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

Original content

According to Campbell, market sources have stated that it is becoming increasingly difficult to find free buying processing supplies as the industry awaits the new potato crop’s arrival. The limited availability is the direct consequence of a very wet and delayed 2023 harvest which impacted the quality and supply of potatoes in Europe. The new crop which will supply the 2024/25 MY is expected to be delayed in certain parts of North-west Europe after wet weather delayed plantings, Belgium and the Netherlands were the worst affected countries. In a NEPG statement released on the 1st of July, a rough estimate puts hectarage up by 4-6% in 2024, and crop progress varies from newly planted fields at the end of June which is unusually late to full flowering soon-to-be-harvested crops. In June, the EU Commission readjusted its 2024 harvest yield figure to 35.8 tonnes per hectare, 3% lower than the May figure, although still 1% higher than the 5-year average. This comes after large yield ...

Source: Argenpapa