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Potato Weekly: Will the ‘Eat Out To Help Out’ scheme energise potato trade?

In the August 7 issue of Potato Weekly, AHDB Analyst Anthony Speight writes that once again trade across the week can been described as relatively subdued in the UK.

The Government’s new “Eat Out To Help Out” scheme started this week. The scheme is designed to encourage people to visit restaurants, cafes and pubs, which have been badly hit by the lockdown. Diners across the UK will be able to enjoy half-price meals at eat-in food and drink venues on Monday to Wednesdays at more than 72,000 venues. The discount is capped at £10 per person and does not apply to alcohol. It is estimated that around half of the UK’s 30,900 restaurants are still closed.

Speight writes that it’s still quite early to see if this will re-energise potato trade. However, there are anxieties that it will simply redistribute demand across sectors.

There is continued pressure on potato prices across all sectors in the UK, with supply largely exceeding demand. Much the same as in recent weeks, processing material this week has been largely fulfilled on contract. Demand is being described as relatively steady and flat on the week.

Yields from second early crops report to have been decent, with maincrops faring well too.

The export campaign to the Canaries has been reported by many to be starting imminently. However, the implications of the quarantine measures imposed by the UK Government on people returning from Spain could pressure tourist numbers and have a knock on effect on demand for exports.

Go here to read the full issue of this week’s Potato Weekly report

Lukie Pieterse, Editor and Publisher of Potato News Today

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