Potato Market Update 2nd June
Retail demand remains buoyant albeit slighted reduced as the weather improves. Restaurants will re-open for indoor dining in and early dining and this should provide a well needed boost for the food service sector. Current weather conditions have drove on crop development and is welcomed by growers.
A blight warning has been issued in the South and West of the country. Reports indicate that it will be next week before significant lifting of early varieties, Home Guard and Premier will commence. Stocks of good quality packing material continue to tighten and command a premium price, however, most of this is offset by storage costs. In the U.K. the hospitality trade has seen an uplift since the food service sector has re-opened. Reports indicate that liftings are a ‘week or two’ behind schedule.
In Europe, physical prices in the processing sector remain firm and there have been some increases noted again in the Netherlands and Belgium. Factories are reported to be running at full capacity in anticipation of a gradual end to lock down.
|Rooster 10 kg||€3.30||€3.80||€3.50|