Potato prices for processing in the Netherlands reached an all-time high in February

Published 2024년 3월 4일

Tridge summary

The European Union is experiencing a high demand for potato supplies, but is struggling with dwindling supply due to insufficient inventory and quality issues from last year's rainy harvest. This has led to a record high price for processed potatoes in the Netherlands in February 2024, with processing plants facing shortages and increasingly relying on imports. The heavy rainfall left many potatoes in saturated soil, making them unsuitable for long-term storage, leading to limited non-contract supplies and increased competition among processors.

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

Original content

Demand for potato supplies to the EU remains high, but supply is declining. This is because many manufacturers do not have sufficient inventory to offer on the open market. Quality problems caused by rainy weather during last year's harvest jeopardized storage capacity. Those who have volumes of quality potatoes are aware of the supply shortage and are expecting even higher prices. To contract products, buyers must raise prices to encourage producers to sell. On 27 February 2024, the Mintec Base Price (MBP) for processed potatoes in the Netherlands reached €37.5/100kg, the highest price for February since price monitoring was launched in 2014. As EastFruit writes, citing FreshPlaza, According to market sources, limited supply is expected to continue to support prices as the marketing year continues. Potato processing plants in the Netherlands are already facing shortages of raw materials. The processing company VAVI processed 321.6 thousand tons of potatoes in January 2024, which ...

Source: Eastfruit