The price of EU potatoes is the highest in history during this period

Fresh Common Potato

Germany

Published Mar 14, 2024

Tridge summary

Potato prices in Western Europe are hitting record highs, with the average price for food processing reaching EUR 350/t in February. This is due to a shortage of seed potatoes, causing a significant price increase and a decrease in potato processing, particularly in the Netherlands. Despite harvest losses, Belgium is seeing high potato processing rates and record stock levels. German potatoes are in high demand due to shortages in other countries. The prices for processing potatoes in Germany, Belgium, the Netherlands, and France have all significantly increased, with export prices of table potatoes also seeing a substantial rise.

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

In the latest issue of the bulletin "Rynek Rolny. "Analyses, Trends, Assessments" published by the Institute of Agricultural and Food Economics - National Research Institute in the "Potato Market" section prepared by Wiesław Dzwonkowski, it was indicated that potato prices on Western European markets are getting higher and higher. At the beginning of November, in free market transactions, the average price of tubers for food processing was EUR 100/t, in mid-December it was already twice as high, and in the third decade of February it reached EUR 350/t, the highest level in history in this period. Futures market quotations also indicate that there is still pressure to increase prices and the possibility of their further increase. The EEX price for delivery in April 2024 at the end of February was EUR 385/t, and for June delivery it was EUR 418/t. There is a shortage of seed potatoes on the European market, which causes a significant increase in their prices. The average export ...

Source: E-warzywnictwo