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

Why spuds are cheap as chips in the UK – while wheat prices rocket

Commodities markets are in uproar, wheat prices have reached record highs and the cost of food is rocketing. “Yet the humble spud – a staple grown on our doorstep – is still cheap and plentiful,” writes Sarah Chambers in a news story for East Anglian Daily Times.

Despite this, and with the exception of a brief recovery during the pandemic, there has been a slow and steady decline in fresh potato consumption in the UK. The trend shows no sign of changing – despite this year’s rocketing food prices. Meanwhile other – often imported – carbohydrates such as pasta and rice have grown in popularity.

One of the oddities in a time of turmoil and fears of food scarcity is that while cereal and cooking oil crop prices go through the roof, the cost of a host of homegrown vegetable crops has barely changed. This year’s East Anglian potato crop is looking very promising. But prices are low – making some of the farmers’ crops uneconomical.

This is for a variety of complicated market reasons, explains James Wrinch, managing director of East Suffolk Produce, a grower group producing 50,000 tonnes of ware and 5,000 tonnes of seed potatoes around the east coast of Suffolk and Essex.

Source: East Anglian Daily Times. Read the full story here
Photo: Credit Sarah Lucy Brown and courtesy East Anglian Daily Times

Lockwood Mfg

PULSEMASTER

Dewulf

ELEA

CROP.ZONE

Restrain

HarvestEye

Follow Potato News Today

Please enter your email address to receive notifications of new posts by email.