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Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster box €330 €380 €350
Rooster 10 kg bag €3.30 €4.00 €3.50
Whites box €320 €370 €350
K Pinks 10kg bag €4.20 €5.00 €4.50
Golden Wonder 10kg bag €5.00 €6.00 €5.50

The market situation remains largely unchanged. Remaining good quality packing stock continues to command a premium. Early liftings continue this week, with drought conditions hindering yields in many areas. Irrigation is a key concern for all growers at present. The May IFA stock survey figures indicate that there is less than 30,000 tonnes of potatoes left in store, which is on a par with last season but considerably lower than previous years.

In the U.K, irrigation is in full swing for those with access as the exceptionally hot and dry conditions continue. Strong winds last weekend caused some crop damage, especially forward crops and also those   on light land. Some material originally destined for French fries is moving into this sector of processing. It is important to note though, that a significant amount of the processing area is grown under contract. Therefore, more outlets reopening will not necessarily result in an increase in free-buy movement. Nevertheless, it will hopefully help to get processing material moved out of store.

Drought is a key concern across Europe, the drought in the Netherlands is seen as worse than that of 1976, with similar conditions being reported from the northern part of the Paris Basin in France, Belgium and certain Lander in Germany. The NEPG estimate that some 2m tonnes of potatoes from the 2019 crop will not be processed before the end of the season.

 

 

Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster box €330 €380 €350
Rooster10 kg bag €3.30 €4.00 €3.50
Whites box €320 €370 €350
K Pinks 10kg bag €4.20 €5.00 €4.50
Golden Wonder 10kg bag €5.00 €6.00 €5.50

Retail demand appears to have plateaued for the moment as current restrictions are eased and the food service sector continues to reopen slowly. There is a shortage of good quality packing material and growers with quality stock can command a premium. The first early Home Guard is being lifted this week in east Wexford. Recent frost damage and dry conditions will most likely delay liftings of some earlies and reduce yields. There are more reports that recent frost caused significant damage to maincrop potatoes. Irrigation is also a key issue at present.

In the U.K, frost damage from last week is coming to light, with many crops reported to be pushed back 1-2 weeks in development. Frost is also likely to have had some effect on yields of early crops. Lifting of new crop seems to be going well, although for some, conditions are too dry.

Across Europe, frost and drought conditions continue to cause havoc.  In Holland, the water deficit is now lower than at a similar time in 1976. Temperatures last week dropped to -3°C to -7°C in central areas and there was widespread severe damage to emerging crops, but recovery is expected. There will be loss of yield and lifting delays of one to two weeks.

 

 

 

 

Ex-Farm Potato Prices reported to IFA

  Low High Average
Rooster box €330 €380 €350
Rooster10 kg bag €3.30 €4.00 €3.50
Whites box €320 €370 €350
K Pinks 10kg bag €4.20 €5.00 €4.50
Golden Wonder 10kg bag €5.00 €6.00 €5.50

Retail demand remains buoyant and the food service sector is now operating at around 20-25% of capacity as more restaurants open on a take-out basis. Glasshouse potatoes started over the last two weeks and roadside sales are expected to begin next week. With current travel restrictions in place it is unknown what projected sales will be. If dry weather and winds conditions persist crops will most likely be delayed, especially along the east coast. First outdoor early crops are expected to be dug for the June bank holiday weekend.  IFA is currently undertaking a stocks survey.

The market situation remains largely unchanged in the U.K. Conditions are also extremely dry and the rain last week wasn’t quite enough to make a difference. Frost concerns remain if cooler nights become present.

The European futures market has traded higher for the first time in weeks since the pandemic hit. The NPEG suggests that there are 2 million tonnes of processing potatoes in Northern Europe which will need to be moved for animal feed, starch or ethanol production before the start of next season.

 

Ex-Farm Potato Prices reported to IFA

Low High Average
Rooster box €330 €380 €350
Rooster10 kg bag €3.30 €4.00 €3.50
Whites box €320 €370 €350
K Pinks 10kg bag €4.20 €5.00 €4.50
Golden Wonder 10kg bag €5.00 €6.00 €5.50

 

Very little change in relation to markets this week, retail demand remains high and steady and the processing market continues to struggle, with slight improvement on last week, as more takeaways and restaurants open on a take-out basis. Crops are progressing well at present with no significant difficulties reported. Rain in some parts of the country towards the end of last week was welcomed by growers, however, growers in the north-east got very little rain and conditions remain very dry.

In the U.K. the market situation is mirrored by our predicament here. Potato stocks held by growers at the end of march totalled 1.19 million tonnes, according to AHDB. This figure is 20% higher than the same point last season and 5 % above the five-year average. It is important to note this figure alludes to just one week of the ‘lockdown’ affect.

Across Europe demand in the free buy processing sector is “virtually zero”. Factories  are doing their best to clear contracts and activity ranges from 20 to 100% depending   on the markets being supplied. The export and fast food outlets remain closed but there is light par fry demand.

 

.Very little change in relation to markets this week, retail demand remains high and steady and the processing market continues to struggle, with slight improvement on last week, as more takeaways and restaurants open on a take-out basis.

 

 

 

Ex-Farm Potato Prices reported to IFA

Low High Average
Rooster box €330 €380 €350
Rooster 10 kg bag €3.30 €4.00 €3.50
Whites box €320 €370 €350
K Pinks 10kg bag €4.20 €5.00 €4.50
Golden Wonder 10kg bag €5.00 €6.00 €5.50

 

 

Once again, the amount of potatoes that remain in stores across Europe is a primary concern and planting strategies must be altered in some cases as a result. Market disruption continues as retail demand remains buoyant but the processing trade continues to struggle severely. The continued re-opening of some restaurants on a take-out basis is positive, however consumers are erring on the side of caution. Plantings continue with more growers finishing this week. Dry weather prevailed once again and soil is bone dry in parts of the country as a result. According to Met Éireann monthly data, it has been by far the driest April since 2017. Only 14mm of rain was recorded for the month of April at the Athenry Station.

In the U.K. the markets remain mostly unchanged, with some increased movement of chipping material. Many growers are finishing planting and others continue at pace. Dry conditions also prevail and some growers have started irrigating, especially those in the East.

Across Europe market disruption remains the key issue and the situation has not improved. Processing factories in Northern Europe remain open but at greatly reduced capacity. Buyers are concentrating on contacted supplies and there is next to no interest in free buy. Freezer stores are reported to be full of product. In the Netherlands, the government have introduced a compensation scheme. The fund totals €50 million and has been calculated on the basis of an estimated 1 million tonnes which will be funded at €50.00 p.t . These potatoes must be moved to Starch, animal feed or ethanol production but not processing. They can be exported but their end use must also not be for processing. In Belgium, it is reported that 750,000 tonnes of processing potatoes are at risk of being thrown away and the public are being advised to eat fries twice a week to alleviate the situation.

 


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