All latest monthly News, COVID-19 News, News April 2020, North America, Organizations in the News, Studies/Reports, Trade/Markets/Prices, Trends

National Potato Council tallies shutdown damages

The head of the National Potato Council in the US says it’s yet to be determined how much money the industry needs to be made whole in the wake of the coronavirus shutdowns, Capital Press reports.

However, “what we have identified is that there is between $750 million and $1.5 billion of products that are clogged up in the potato pipeline right now,” council CEO Kam Quarles said.

That is a combination of 2019-grown potatoes originally destined for processing as well as unsold potato products — “all as a result of the foodservice shutdown,” he said. Quarles said the supply of potatoes grown in 2019 for processing and stored “continues to build with every day that passes. It is a larger and larger oversupply.”

If USDA buys stored 2019 potatoes it “can mitigate the damage that is going to happen to the 2020 crop that is just being planted,” he said.

Buying 2019 potatoes immediately and in substantial volume “would give some clarity to growers and processors in regard to their needs for the 2020 crop. The council said the U.S. potato industry derives 60% of its $4 billion annual value from foodservice.

Read the full report in Capital Press here

Stockosorb 660 from Eco+

Lukie Pieterse, Editor and Publisher

[email protected]
[email protected]
Connect with me on LinkedIn
Follow me on Twitter
Visit Potato News Today on Facebook
Find us on Tumblr
About us

SoilEssentials – TuberZone

Tolsma

Tomra Food

Parkland

Haith

Volm Companies

Greentronics

Receive breaking potato news in your inbox

Folks, you are most welcome to share your email address with us - and follow us - if you want to receive an email as soon as we publish a breaking news item on Potato News Today. Please be assured: We will NOT misuse or share your email address with third parties at all.

Most read stories the past 24 hours

Ireland imported 72,000 tonnes of spuds
Australian potato farmers outraged as $1billion COVID-19 cash splash is given to European colleagues
Producer organizations in Alberta connect potato growers and cattle ranchers
Chips are down: Asia faces COVID-19 fries shortage
Peru cements its position among top 15 potato producers in the world
Eye on Potatoes Podcast: In discussion with Congressman Mike Simpson and NPC CEO Kam Quarles about COVID-19
COVID-19: Major impact on Idaho seed potato grower
Belgapom explains why early potatoes from the Mediterranean are in supermarkets now
India: Potato prices to stay firm due to 'lockdown' bulk buying, low production
Heritage and specialty potato varieties take Ireland by storm

Archive of monthly posts

Loyal readers from around the world – thank you for visiting Potato News Today! Stats below…

  • 605,763