Potato Market Reports

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The cooler weather over the past week has maintained higher potato consumption levels. Irish glasshouse potatoes have made their appearance on the market for the first time this year. There is still a little pressure in the wholesale and peeling markets from ambient store material.

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Ex-Farm Potato Prices reported to IFA

 

Low High Average
Rooster box €500 €520 €510
Rooster 10kg bag €5.75 €6.25 €6.00
Whites box €500 €550 €525
Kerr Pinks 10kg bag €6.00 €6.50 €6.25
Golden Wonder box €680 €720 €700

 

 

There has been little change in the domestic potato market. Wholesale and peeling markets prices have stabilised following some selling pressure as growers tried to move on ambient store material. However, this ambient stock both here and abroad will have left the market by the end of the month. Planting has continued over the past number of days but only in a haphazard fashion and only on drier land. There is no panic as growers in general are ahead of schedule and are prioritising other tillage operations. The NEPG (North-Western European Potato Growers) have estimated that the upcoming area for consumption potatoes in 2019 will increase between 1 and 2 % towards almost 604.000 ha in the 5 main production countries. This is the largest area for more than ten years and has been driven both by higher prices, processing demand but also by the poor forward prices in both the sugar beet and overall cereal sector in the EU. On this basis, Irish growers need to carefully consider planting decisions as despite poor yields across Europe this season there will ultimately be enough product to last until the new season in July.

Ex-Farm Potato Prices reported to IFA

 

Low High Average
Rooster box €500 €520 €510
Rooster 10kg bag €5.75 €6.25 €6.00
Whites box €500 €550 €525
Kerr Pinks 10kg bag €6.25 €6.75 €6.50
Golden Wonder box €680 €720 €700

 

 

There has been no change in the domestic potato market over the past week. The peeling sector continues to seek supplies and is returning between €320 to €380/t depending on variety, quality etc. Due to saturated soils there was no planting last week but growers on some drier soils are attempting field work again this week. In the UK demand for top quality product remains strong however poorer quality samples are struggling to move with some price pressure on these lines. Due to the better cropping year in Scotland than England there is now some excess supply moving south. However, there is also export from Scotland to Holland and as ambient stock disappears, we should see the market stabilising. Planting has resumed in eastern and southern parts of the UK, however, it’s very limited and in general what initially appeared to be an ‘early’ year for potatoes in the UK and Europe would now seem to be more ‘normal’.

 

 

 

Demand for potatoes continues to remain steady throughout all markets. There has been no change in prices, however, with the end of January stock figures 60,000 tonnes lower than last year and ambient store material coming to an end, we could see increases in the next month or so.

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Ex-Farm Potato Prices reported to IFA

 

Low High Average
Rooster box €500 €520 €510
Rooster 10kg bag €5.75 €6.25 €6.00
Whites box €500 €550 €525
Kerr Pinks 10kg bag €6.25 €6.75 €6.50
Golden Wonder box €680 €720 €700

 

 

The continuation of the inclement weather has ensured demand has remained robust. Planting has come to a complete halt as soils have become saturated. Between indoor and outdoor early crops, there is a significant area now planted, with the first of the outdoor crop now fully emerged. Based on last year’s consumption figures for earlies and at normal yield levels, it could be argued that there is now enough planted to meet the potential demand of the market. In mainland Europe, planting of the early processing crop is well advanced for the time of year. Physical prices continue to hold firm and very similar to last week. European processing April 2019 has been edging higher again over the past week to trade at €312/t with a contract high of €333/t.

In France, the export market is reported to be good, with demand for whites from Eastern Europe and Germany and also for red varieties for Hungary Romania and Portugal.


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