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Ex-Farm Potato Prices reported to IFA

 

  Low High Average
Rooster Box €240 €300 €260
Rooster 10kg €2.20 €2.70 €2.40
Whites €180 €230 €210
Kerr Pink 10kg €3.00 €3.50 €3.20
 Golden Wonder10kg €4.50 €5.50 €5.00

 

Due to the continued lack of progress in potato plantings, the probability for delays in the 2018 crop are more certain, with most reports suggesting a minimum of two weeks at least. This will result in approximately 10,000 extra tonnes of potatoes being required in this marketing season compared to last year’s. These market factors will inevitably lead to a positive market outlook for product in cold store. Over in the UK, the likelihood of delayed planting has seen growers refusing lower quotes in anticipation of a pickup in farm gate prices as the season progresses. The planting situation is no better across northern Europe with commentators reporting that the season is one of the latest on record. This fact is reflected in the European Processing Futures edging higher last week and there are signs that physical prices are also on the increase.

 

Ex-Farm Potato Prices reported to IFA

 

  Low High Average
Rooster Box €240 €300 €260
Rooster 10kg €2.20 €2.70 €2.40
Whites €180 €230 €210
Kerr Pink 10kg €3.00 €3.50 €3.20
 Golden Wonder10kg €4.50 €5.50 €5.00

 

The potato trade continues to remain positive across all market outlets. Buyers are continuing to look for premium product however, this is becoming quite scare in the market. Growers with this type of product in cold store, should now look for price increases as this product is limited and rising cold store costs must be covered. In the coming weeks, all ambient store material will disappear from the market and saleable crop from any unharvested crop will be significantly reduced. This will leave stocks similar to last year, as drawdown of stocks since Christmas has been very significant, due to increased sales, high tare levels and movement to alternative market outlets. Due to the delayed plantings of early and main crop the market window for cold stored product has now been extended by at least two weeks also.

 

Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster Box €240 €300 €260
Rooster 10kg €2.20 €2.70 €2.40
Whites €180 €230 €210
Kerr Pink 10kg €3.00 €3.50 €3.20
 Golden Wonder10kg €4.50 €5.50 €5.00

 

Sales of potatoes remain very strong across all market sectors with sales figures more similar to mid-winter than mid spring. At this stage, farmers with material in cold store should be pushing for price rises. Any excess stock which was around earlier in the year has either still to be dug or has been removed from the market. Due to the later planting season it looks increasingly likely that there will be very little main crop available until September. These two factors alone, have now created a different dynamic in the market for cold stored material. Throughout the early potato growing areas of The UK and Europe (Lower Saxony, Palatinate, West Flanders and Cornwall), the continuation of the wet and cold spell has had the dual effect of delaying planting whilst increasing sales of main crop on domestic markets.

 

Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster Box €240 €300 €260
Rooster 10kg €2.20 €2.70 €2.40
Whites €180 €230 €210
Kerr Pink 10kg €3.00 €3.50 €3.20
 Golden Wonder10kg €4.50 €5.50 €5.00

 

With the approach of Easter and the continuation of the cold weather, we have seen a spike in potato sales this week. Many growers have unloaded ambient stock over the past week as they clear the decks in readiness for the planting season ahead. Regarding planting progress, there has been little change in the past week. In contrast to the norm, tillage farmers in the North West have undertaken some land work as precipitation volumes in this area have been much less than the rest of the country. Growers of early potatoes need to reconsider their planting plans due to the delay in sowings. The market window for early potatoes has now narrowed and crops planted in the coming weeks will arrive together on the market and, will also now clash with stored and new main crop varieties.

 

Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster Box €240 €300 €260
Rooster 10kg €2.20 €2.70 €2.40
Whites €180 €230 €210
Kerr Pink 10kg €3.00 €3.50 €3.20
 Golden Wonder10kg €4.50 €5.50 €5.00

 

There are some positive indications, that the supply in the potato market, is beginning to tighten.

We have seen demand improving for varieties such as Kerr Pink, Maris Piper and Golden Wonder. However, enquiries for Rooster have also increased during this week.

Those growers with material in ambient stores are either finished or will shortly be clear of stock. This is providing new selling opportunities for some suppliers as gaps appear in the market.

The return of the wintry weather over the weekend, put paid to any further plantings, however, there may be some windows to resume land work in the coming week. In general the spring is running late for plantings due to saturated soils and low soil temperatures. On average there is a difference of 2 degrees in the soil temperature compared to this time last year.


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