Potato prices in North-West Europe 20% lower than last year

Published 2024년 12월 12일

Tridge summary

The EU4 region has experienced a 7.2% increase in potato sowing areas, leading to a 6.9% rise in production to 24.6 million tonnes. Despite the increased production, the average yield in North-West Europe fell slightly below the 5-year average. The Expana Benchmark Price for Dutch potatoes saw an 18% monthly increase, but was 20% lower than the previous year, reflecting a successful harvest. There are concerns about the sustainability of potato production in the EU due to rising costs, which could push small producers away, potentially leading to a decrease in overall production. The industry is witnessing a trend towards consolidation, with larger, better equipped enterprises taking over potato production.

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

Original content

The total area sown to potatoes in the EU4 region increased by 37,700 hectares (+7.2%), increasing production by 6.9% compared to last year and reaching 24.6 million tonnes (+1.6 million tonnes), EastFruit reports. According to NEPG (North-West European Potato Growers), the average yield in the four NEPG countries this year, which ended in November, is 43.8 t/ha, below the 5-year average (44.4 t/ha) and last year's figure, Mintec reports. The Expana Benchmark Price (EBP) for Dutch potatoes rose to £165 per tonne, up 18% on the month ending December 3. This seasonal price increase in 2024/25MR is in line with a typical trend as farmers store their potatoes after harvest, pushing up prices. However, the current price is 20% lower than last year, reflecting a more successful harvest compared to the wet harvest of 2023. There are growing concerns about the sustainability of potato production in the EU. Rising risks and costs may deter small producers from continuing production, which ...

Source: Eastfruit