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IFA Potato Market Report Tuesday 18/09/2018

Ex-Farm Potato Prices reported to IFA

 

  Low High Average
Rooster 10 kg (Old season) €3.75 €4.20 €3.80
Rooster box (New season) €600 €700 €650
Whites box (New season) €600 €650 €625
Queens box €550 €650 €600
Kerr Pinks 10 kg (New season) €6.50 €4.50 €6.00

 

With the National Ploughing Championships officially marking the end of the holiday season and with schools fully back in action, consumption of Potatoes is set to continue to increase over the coming weeks as people return to their normal routines. According to a recent Potato stock survey carried out by the IFA, stocks of Queens are getting scarce with many farmers out of Queens. There is approximately 15% of the Queens left to sell nationwide. Any stocks remaining are reported to be moving well with growers expecting to be finished with Queens inside the next fortnight.

Prices are stable with no major change from last week with new season Rooster averaging €650/tonne. The New season Rooster has fully kicked in at retail level with very little old season Rooster left. There won’t be a major supply of Rooster for another couple of weeks however due to the delayed sowing date and the difficult growing conditions experienced by the crop throughout the summer.

Across Europe, the situation remains similar to Ireland with yield reported to be 20% less than last year and 16% less than the 5 year average in Holland.

IFA Potato Market Report Tuesday 11/09/2018

Ex-Farm Potato Prices reported to IFA

 

  Low High Average
Rooster 10kg (Old Season) €3.75 €4.20 €3.80
Rooster Box (New Season) €600 €700 €650
Whites Box (New Season) €600 €650 €625
Kerr Pink 10kg (New Season) €6.50 €7.50 €7.00
Queens box €550 €650 €600

 

With the schools now back and holidays over, consumers are resuming more normal routines.

This is resulting in the usual lift in sales which is contributing to extra demand in the market. The Queen price has settled as growers are confident that there will be no issue selling the variety due to the general scarcity of potatoes in the market going forward. There are reports that some retailers are moving on to 7.5 kg roosters this week and this will put more pressure on buyers to source limited product. As it stands,  due to delayed planting and poor development of crops over the Summer there will be no major supply of main crop until at least one month from now.

Potato crops harvested up until then will probably be the higher yielding crops due to the fact they were planted relatively early and received irrigation. There are anecdotal reports of very poor crops around the country with many growers reporting very low tuber numbers.

IFA Potato Market Report Tuesday 04/09/2018

Ex-Farm Potato Prices reported to IFA

 

  Low High Average
Peeling/Processing (Old Season) €280 €300 €290
Rooster 10 kg (Old Season) €3.75 €4.20 €3.80
Rooster Box (New Season) €600 €700 €650
Whites Box (New Season) €600 €650 €625
Queens Box €550 €650 €600

 

This week we are seeing most retailers transitioning from old season to new season, main crop prepack lines.

There will be some overlap over the next few weeks as there are insufficient quantities of new season potatoes available to move completely on to the 7.5kg pack size. This is continuing to drive demand for old season crop with many peelers now paying €300/t for product.

Queen sales remain firm and farm gate prices have settled at current levels with a lot of acreage now cleared and growers finished on the market. With the final production of Queens now predicted to be down by over 60% compared to 2017 there will be no issues moving all crop.

In the UK, recent rainfall has been considered to be to little to late and has actually done a lot of harm due to secondary growth etc. There are also reports in the UK of processors from mainland Europe actively seeking to purchase potatoes throughout the UK due to the extreme shortages in Europe this season

IFA Potato Market Report Tuesday 28/08/2018

Ex-Farm Potato Prices reported to IFA

  Low High Average
Peeling / Processing €275 €300 €285
Rooster 10kg €3.75 €4.20 €3.80
Rooster Box €300 €350 €325
Queens box €550 €650 €600

 

The farm gate price for Queens is continuing to suffer from increased pressure from merchants trying to lower the price over the past week. Growers are struggling to make any margin on current prices being offered by buyers, which is adding to the extremely tough year already being experienced by growers.  It is likely that the first of the new-season Rooster will appear in retail outlets in the coming days. As documented in previous reports, the acreage of Queens is down by approximately 15% on last year’s plantings. The overall area planted in potatoes this year is the lowest on record with less than 8000 hectares planted this year, which is roughly 1000 hectares lower than the area planted in 2017. With the total area planted 12% less than last year, this will equate to a loss in production of approximately 40%.  With the late planting season and drought conditions also being experienced by much of Europe and the UK, the situation is similar in these areas.

IFA Potato Market Report Tuesday 21/08/2018

Ex-Farm Potato Prices reported to IFA

Low High Average
Peeling /Processing (old season) €250 €300 €275
Rooster 10kg (old season) €3.50 €4.00 €3.70
Rooster Box (old season) €275 €325 €300
Queens Box €700 €800 €750

 

The farm gate price of Queens has come under a little pressure over the past week however, this is only a result of buyers trying to force price lower. At current prices most growers are struggling to break even on crops with very poor saleable yields. As documented in earlier reports, crops which have received no irrigation are a write off in areas. The results of the crop variety planting survey has shown that the Queen acreage is back 15% on last year. When this is combined with poor yields it will result in a reduction in production of up to 50% on last year. The fact that saleable yield will be poor for Kerr Pinks and Golden Wonder, also due to growth defects etc., will result in an extended market demand for the Queen crop. It is likely that the first of the new season Rooster will appear in retail outlets next week. Initial reports indicate that merchants are offering a minimum of €650/t as dug from the field for the first of this new season material.


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