After a good September month, with a stabilization global trade compared to last year, October 2020 proved to be another slow month for the global frozen potato trade according to the information published in the latest Annual Insight Frozen Potato Trade newsletter.
October 2020 volumes were down 13.5% compared to October 2019. Although it must be said that October 2019 was an exceptionally good month as European players benefitted from the availability of newly harvested potatoes. The availability of raw materials has been a struggle in 2019.
Year-to-date (YTD) frozen potato global trade is still down 10% compared to YTD October 2019, despite a relatively strong recovery in the (late) summer months. Contrary to expectations, trade prices are showing stability in the developed markets. In smaller markets, more price-sensitive buying can be witnessed.
European trade is still far below last year