Japan KFC Holdings announced on October 8 that Kentucky French fries and other potato products are temporarily suspended for sale. KFC says in the notice: “Currently, imports of goods are delayed due to the disruption of the global distribution network due to the effects of the new coronavirus infection. Therefore, ‘potato’ may be temporarily suspended at some stores.”
Lamb Weston Holdings, Inc.’s top and bottom lines headed in different directions during the first quarter of fiscal 2022. Sales rose 13% as foodservice and institutional businesses recovered around the world, but the company’s net income fell 67% for the quarter. “In the US, we continue to be encouraged by the pace of recovery in restaurant traffic and demand for fries,” Thomas P. Werner, president and chief executive officer said.
Market and consumer data analytics company A-INSIGHTS last week published its latest monthly newsletter on trends in the Frozen Potato Products industry, titled “May Insights”. Sector analysts at the company say global trade volume down 3.3%YTD compared to 2019, with prices down 3.5%YTD.
It’s a risky crop, but Sisters Creek potato farmer Leigh Elphinstone in Tasmania wouldn’t have it any other way, reports Meg Powell in this news story for The Advocate. And the multi-generational farmer’s passion for the simple spud seems to have paid off, helping secure growers like himself an additional $9 a tonne deal with major food manufacturer Simplot over the coming financial year.
Hundreds of potato producers affected by the pandemic are anxiously awaiting for the state’s compensation over the spring harvest – a large percentage of which was left to rot or sold at ridiculously low prices. Furthermore, large potato quantities have now perished and become unfit for consumption.
The Ulster Farmers’ Union (UFU) has welcomed the recent announcement by Agriculture Minister Edwin Poots, regarding a further coronavirus (COVID-19) support scheme worth up to £2million for farmers growing potatoes for the processing supply chain. UFU deputy president William Irvine said: “The news of further COVID-19 support for the processing potato sector will be well received by our members.
A further Covid-19 support scheme worth up to £2 million for Northern Ireland farmers growing potatoes for the processing supply chain has been announced. The financial support package comes in response to the significant reduction in demand for potatoes from the hospitality and food service sector. Growers who still have quantities of unsold potatoes in their stores, which were destined for the potato processing supply chain, can apply.
Lamb Weston posted ‘robust’ fiscal results, expects demand for fries to return to pre-pandemic levels
Lamb Weston Holdings posted robust fourth-quarter fiscal 2021 results, as both top and bottom lines increased year over year. Results were largely aided by demand recovery for frozen potato products, with curbs being lifted and restaurant traffic improving. Demand in Europe and key export markets is likely to improve with the increased availability of vaccines in the regions.
The past year has been a doozy. Being locked up for a year and watching half a million Americans die was traumatizing. In the most productive agricultural country in the world, millions of people lined up for food and many Americans died because Covid preferentially attacks people with pre-existing conditions like obesity, high blood pressure, diabetes, and heart disease. So says Jim Budzynski in an article published by Genetic Literacy Project.
Nearly halfway through his national potato council presidency, Dominic Lajoie spoke to Newssource8′s Rhian Lowndes about how things are going in this week’s County Ag. “The Delta variant and spikes across the country, it’s concerning,” he says. “We definitely want our schools open, our universities open, our restaurants fully open. You know food service is a big part of the potato industry. If those markets aren’t developed back to where they were, we’re gonna feel a lot more pain.”
McCain Foods (GB) Ltd is a leading manufacturer of frozen potato products in Great Britain. The company this week released its “Annual Report and Unaudited Financial Statements for the Financial Year ended June 2020”. According to the annual report, McCain saw drop in annual sales and fell to a loss last year as Covid hit its out of home sales and it suffered from a poor potato crop.
2021 is a new year for potato growers, and that’s a good thing. “Most growers are pretty happy to have last year behind them,” said Mark Klompien, president and CEO of the United Potato Growers of America. Challenges of the COVID-10 pandemic for growers included the ups and downs of the demand side of the equation, both in the fresh and processed sectors.
Potatoes are the top side dish in Belgium. On an average day in 2020, 41% of Belgians ate these (incl. fries). A lot of people were already eating potatoes at home. But, due to COVID-19 and its related measures, that rose in 2020. That’s according to a Flemish Agri and Fisheries Marketing Center (VLAM) press release. In 2020, home consumption of fresh potatoes increased by eight percent. That ended the downward trend in in-home consumption.
New details of a £2 million Covid-19 support scheme for potato growers in Northern Ireland impacted by the pandemic has been announced. They must complete an online Expression of Interest form by 11 June to register for the scheme and request an inspection of all potatoes held in their stores. The financial support package comes in response to the significant reduction in demand for potatoes from the hospitality and food service sector.
Memorial Day on May 31 in the US is expected to kick off an anticipated ‘breakout summer’ as consumers catch up on activities they missed out on last year, and however and wherever consumers are celebrating, snacks will be plentiful, Frito-Lay says in a press release. Frito-Lay’s latest U.S. Snack Index, a poll focused on consumers’ snacking habits, found that eight in 10 indicated they plan many activities outside the house during Memorial Day.
The growth in home cooking during the coronavirus pandemic has resulted in more families in Northern Ireland picking up packs of local potatoes for meals. It’s a development that Angus Wilson of Wilson’s Country in Craigavon, Northern Ireland’s largest potato processor, has been working towards for many years. In addition, novel potato products from the Northern Ireland company last week won acclaim for their quality and taste from retailers in Scotland in the shape of a major award for a UK producer in the influential Scottish Retail Food and Drink Awards.
Potato growers in Northern Ireland whose incomes have been directly impacted by the pandemic will receive financial aid, the government has announced. FarmingUK reports that the Covid-19 support package will contribute towards the verifiable losses incurred by farmers and growers during periods of lockdown. The financial aid will help to address the cash flow difficulties and financial impact of losing valuable markets.
One year after making its first COVID-19 relief delivery to the Houston Food Bank, MountainKing has now shipped more than 1.6 million pounds of fresh potatoes to the non-profit organization dedicated to providing nutritious meals to those in need. “For years, MountainKing has been a supporter of the Houston Food Bank and its mission of providing food for better lives,” notes Andreas Trettin, the company’s director of marketing.
Brits have fallen back in love with potatoes. So says McCain’s UK & Ireland president Howard Snape, who’s been putting together some retail sales figures at its otherwise deserted UK HQ in Scarborough. He’s feeling buoyant about the findings. Snape believes Covid has “helped to re-energise” the potato.
In a recently completed survey by the IMPACT Center at Washington State University, it was found that Washington State farm families’ direct compliance outlays to manage COVID-10 were roughly $2,532 per month. Direct compliance outlays were found to be much higher for those businesses packing potatoes at $4,340 per month.
AHDB Arable analyst, Thomma Shepherd, provides an analysis of what has driven potato markets over the last few weeks. She says the weekly average price survey, covering all sectors of the industry, shows potatoes have had a depressed few months, lagging behind previous seasons. The 2nd wave of the coronavirus pandemic and subsequent lockdowns has killed a lot of demand for potatoes. With the majority of hospitality closed along with schools there has been little optimism within the industry.
Potatoes USA, the marketing and promotion board for the U.S. potato industry, elected new leadership during the Annual Meeting on March 11, 2021. The newly elected Chairman and Executive Committee will lead the Board through 2021-2022. As chairman, Raybould will prioritize restoring demand for potatoes back to pre-pandemic levels.
The impact of Covid-19 on the chip industry in the Northern Hemisphere is putting locally grown and processed hot potato chips at the local chippie under threat. Potatoes NZ CEO Chris Claridge is looking for Government action to protect New Zealand potato farmers from the influx of frozen fries grown and processed in Europe undercutting their locally grown equivalent.
A marketing strategy that works: Idahoan Foods reached nearly 5 million new households since start of pandemic
Idahoan Foods saw sales of its fresh-dried mashed potato products rise during the pandemic as consumers cooked more meals at home. Consumers embraced more time at home by experimenting with new recipes, reaching for global flavors as a way to explore other cultures, and showed off their skills on social media. Idahoan tapped into these rapidly evolving consumer trends and pivoted marketing strategies throughout the year in order to connect with new households and keep encouraging consumers.
Some Utz Brands buyers are opting for snacks with healthier ingredients such as the avocado oil used to cook the Boulder Canyon potato chips, Utz Brands CEO Dylan Lissette told CNBC. The snack company has been rebranding and developing the Boulder Canyon chips since it bought its manufacturer Inventure Foods in 2017, said Lissette on CNBC’s Mad Money. “We’ve got a lot of excitement around those ‘better for you brands’,” Lissette said.
One of the largest potato producers in Idaho had just days to prepare for something its leaders had been anxiously awaiting for months. With the more-contagious COVID-19 variants spreading in Idaho and cases rising again in the Idaho Falls and Rexburg regions, about a dozen nurses and staff from occupational health provider Sterling Medical vaccinated roughly 350 people employed by Mickelsen Farms, Rigby Produce and Potato Products of Idaho in four hours.