Europe, UK, Ireland, Trade/Markets/Prices, Trends

Higher potato stocks reported in North-Western European countries

All recent surveys of stock levels in the NEPG (North-Western European Potato Growers) countries show larger stocks of potatoes than the levels observed last year, or on average over several years. Remember that yields were 11% higher in 2017, and that the area planted to potatoes increased by 6%. Currently, potato stocks and the supply/demand imbalance have a negative impact on prices on the open market, despite the 15% increase in industrial demand over the last 5 years. Last December, the NEPG estimated production losses of 5%, which now seems quite realistic or even underestimated. That is why, even if the availability of potatoes is still sufficient to meet the demand of processors, they have recently returned to the market. Contract price reductions on the industry for 2018/2019 are expected; which is confirmed by the NEPG representatives, who note, in most of the situations, decreases from 5 to 10% depending on the delivery period, the variety, and the buyer. More

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