Potato prices plummet from 110 euros to 30 euros per ton
Published Oct 5, 2020
Tridge summary
The article highlights the significant decrease in chip potato prices in Belgium, which has been attributed to the COVID-19 pandemic and a poor harvest. Prices have fallen dramatically from 110 euros to 30 euros per ton, resulting in a 66% decrease compared to the previous year. The trade organization NEPG anticipates that these low prices will persist until the end of the year. Furthermore, due to the small harvest and dim market outlook, NEPG advises farmers to plant fewer potatoes in the upcoming season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The price for chips potatoes remains low on the market due to the corona virus. In addition, the harvest is poor, which means fewer volumes that can be sold to retail and other trade channels. As a result, prices have recently plummeted from 110 euros per ton to 30 euros per ton. NEPG expects the prices for potatoes going to the industry to remain at the same low level at least until the end of the year. At the moment, the price that growers receive is 66 percent lower than ...
Source: AGF
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