European Potato Market update – October 2023 (Based on providedโฃ text)
Here’s a 100%โข original summary ofโค the Europeanโ potato market situation, based on the provided text:
Overall Situation: The European potato market is currently characterized by a generally weak mood, despite adequate supply. Dry conditions have impacted growth in many regions, notably Eastern Englandโ where a โคsignificantโ portionโข of potatoes are grown,โ leading some growers to destroy crops due to high โunderwater weights.Whileโ irrigation has mitigated yieldโ losses,heat wavesโ have reduced consumption,contributing to market โฃweakness.
Regional Breakdown:
United Kingdom: โข Prices are notably โhigher than inโ the EU-4 (Netherlands and surrounding regions). Fish &โ Chips potato varieties (like Agria) are trading at around โฌ25.50 per 100kg (sortedโฃ & sagged),while Sagitta is between โฌ18.50-โฌ20. Table potatoesโข vary considerably, from โขโฌ20-โฌ23 for supported varieties โฃto โฌ6-โฌ9 for less โdesirable ones. Spain: โ Agria prices mirror the UK, around โฌ26 forโ top quality, decreasing to โฌ16 for lower grades. Colomba is โฃalso seeing price declines. The average grower price at theโ end ofโข August was โฌ40.50, a third lower year-on-year. The harvest in northern Spainโฃ is advanced.โ โHeat is impacting consumption.
Portugal,France,& Germany: Similar to Spain,these countries are experiencing heat-related โconsumption declines. Table potato exports have been good butโฃ warm weather hasn’t โขboostedโค sales.Retail sales ofโ potatoes are down,with hopes pinned on increased french fry sales.
Poland: โข Polish growers are dissatisfied with theโฃ market. Prices fluctuate between โฌ14-โฌ21 โขfor sorted/packaged product, frequently enough failing to โcover costs. Demandโ for french โfry potatoes is low, with German companies dominating purchases. Potato importsโ to โPoland increased significantlyโฃ last season (over 20% to โข187,500 tons), withโ Germany being the โlargest supplier (112,000 tons).
Netherlands: โข agria โคAfland is selling for around โฌ10, but thisโข is compared to the โฃhigher, sorted &โ packaged prices โคseen โฃin the UK.Disease Pressure: โฃโข Phytophthora (late blight) โคhas been lessโฃ prevalentโฃ inโ Western Europe this season compared to โthe previous twoโ years. Though,Poland has experiencedโข heavy rainfall inโ late August,increasing the risk of Phytophthora and Knolphytophthora.
Key โขTakeaways:
Oversupply: โขDespite challenges, there’s an overall surplus of potatoes, preventing price increases.
Price Discrepancies: Reported prices frequently enough โฃrefer to sorted and packaged product, โnotโข gross prices, creating a potentially misleading picture.
Heat Impact: โ Heat waves are a major factor, reducing both crop growth and consumer demand.