Europe, UK, Ireland, Organizations in the News, Studies/Reports, Trade/Markets/Prices, Trends

Irish and European potato markets: Resilience in the face of rising costs, tight supplies and seed scarcity

The Irish Farmers Association (IFA) says in its weekly potato market report that it’s clear that the Irish potato market is demonstrating remarkable resilience in the face of various challenges. Home consumption and retail sales in Ireland are maintaining a strong position, reflecting the unwavering demand for this staple crop. Similarly, the peeling market, which caters to the food service and processing sectors, is also showing robust performance.

A key highlight of the current market scenario is the sustained strength in the market for pre-pack quality stock. This category, essential for retail distribution, continues to see stable demand and pricing, indicating a healthy consumer appetite for quality potatoes.

However, the upcoming planting season brings with it a set of challenges. Irish potato farmers are grappling with the dual pressures of rising costs and limited availability of seed potatoes. This situation is not unique to Ireland but is a reflection of a broader European trend. Tight supplies across the continent have led to a significant increase in costs, putting additional financial strain on farmers.

The situation in Europe is further complicated by heightened demand from exporters. This demand is creating additional competition in the market, with processors now offering premiums for potatoes scheduled for March delivery. While this has led to a rise in prices, it has also somewhat dampened export movement.

Despite these challenges, there is a silver lining. There is a noticeable interest from buyers in the Mediterranean region and from Eastern countries.

In a related development, a report by World Potato Markets highlights a 10% increase in potato prices in Poland over the last two weeks. This is indicative of the broader market trends across Europe, where supply constraints and rising demand are influencing market dynamics.

Source: Irish Farmers Association (IFA)
Photo: Credit Gabriela Freitag-Ziegler from Pixabay

Editor & Publisher: Lukie Pieterse

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