Trade/Markets/Prices

PepsiCo officially withdraws one of three lawsuits filed against Indian farmers

According to a report published by BloombergQuint, PepsiCo India withdrew one of the lawsuits it had filed against Gujarat farmers for allegedly growing a variety of potato for which the food and beverages giant claimed to have secured exclusive rights. “The plaintiff wishes to withdraw the captioned matter relying on its discussions with the government to find a long-term and[Read[Read More…]

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Fraud with forged NAK seed potato certificates has far-reaching consequences for the potato chain

Brussels, 6 May 2019 – Shortly after it became clear last month that falsified seed potatoes certificates of the Dutch Seed potato inspection Service, NAK (Nederlandse Algemene Keuringsdienst) were in circulation in the Netherlands and Belgium, Breeders Trust, in close cooperation with the NAK, succeeded in a short time to trace the perpetrators and was able to enact a confession[Read[Read More…]

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Irish potato market update: Consumption remains buoyant

“As we approach another bank holiday weekend and also due to that fact that cooler weather has prevailed over the past week, potato consumption remains buoyant”, according to a report by the Tipperary Times. Like last week’s report, it is said that store materials are getting low in Ireland with more growers now finished selling. Planting is reported to be[Read[Read More…]

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European Commission proposes higher MRL for neonicotinoid insecticide in imported Canadian potatoes

Freshplaza reports that the European Commission proposes to increase the maximum residue limit for clothianidin in the import of potatoes to the EU from 0.03 milligram to 0.3 milligram per kilo. This proposal was made because clothianidin is allowed in the production of potatoes in Canada. The Dutch Ministry of Health, Welfare and Sport has agreed to this proposal on[Read[Read More…]

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Experts, seed industry differ over PepsiCo lawsuit against Indian potato farmers

According to a report by Business Line in India, the filing of infringement suits by PepsiCo India Holdings Private Ltd against a group of farmers in Gujarat has attracted mixed reactions, with a legal expert calling for the Ministry of Agriculture and farmers’ Welfare to intervene in the matter. The Indian arm of the US-headquartered multinational food giant filed suits[Read[Read More…]

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India: Now, PepsiCo offers to settle case against Gujarat potato farmers

The Hindu reports that in the wake of criticism over its ₹4.2 crore lawsuit against four Gujarati potato farmers, food and beverages giant PepsiCo has offered to settle the case if the farmers stop growing the registered potato variety used in its Lays chips. In an Ahmedabad civil court on Friday, PepsiCo’s lawyer offered a settlement on these terms: the[Read[Read More…]

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New processing plant to benefit some of Kenya’s potato farmers

Regular fluctuations in potato prices and exploitation by brokers might be a thing of the past for potato farmers from Kinangop area in Kenya’s Nyandarua County following the construction of a private potato processing plant in the area, according to a report published by the Kenya News Agency (KNA). According to the plant manager Danson Ndegwa, the multi-million Engineer Food[Read[Read More…]

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Kraft Heinz reportedly weighs sale of Ore-Ida frozen potato business

Tater Tot maker Ore-Ida is the latest brand Kraft Heinz is considering shedding as it scrambles to pay down debt and restructure its business following a disastrous quarterly report. Kraft Heinz has reportedly hired investment bank Evercore Partners to prepare a potential sale of its Ore-Ida brand, people familiar with the situation told CNBC. The brand could fetch roughly $1.5 billion to[Read[Read More…]

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What a difference a year makes for Jersey’s potato growers…

Roll the clock back to this time last year and Jersey Royal growers, who were in dire straits after a winter of heavy rain followed by severe frosts, snow, then more rain, had delayed the Island’s premier crop by a month. Fields were waterlogged and seed potatoes were still being planted, where conditions permitted. The first exports were at a[Read[Read More…]

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Major German potato trader joins Europatat

One of Germany’s major potato traders, Fritz Jungnickel GmbH & Co. KG has joined Europatat. The company was established more than 100 years ago in the area of Dresden, in the heart of the Ruhr region. Today Fritz Jungnickel is active from the Neuss region in the trade of seed, early and ware potatoes. With a wide knowledge and many[Read[Read More…]

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Rising prices open up opportunities for New Zealand in Malaysia

Sales of European and United States fries to the Malaysian market dropped at the beginning of 2019 as prices rose on average by nearly 10%. Shortages of supplies for European processors saw the involvement of the Dutch, Belgian, German and Danish suppliers drop back. Over the course of the year they have been able to make significant inroads in what[Read[Read More…]

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Belgium: Flemish potato area increases again this season; processors demand more raw product

The Flemish potato area will increase by around eight percent in the coming season, according to information released by the Flemish Center for Agriculture and Horticulture (VILT). The Testing Center for Potato Cultivation (PCA) concludes this after an initial survey of its members. It is especially the area of ​​early potatoes that is rising sharply: no less than 20 percent[Read[Read More…]

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PepsiCo results beat market estimates as new CEO’s ad-push lifts sales

According to a Reuters report. PepsiCo Inc’s quarterly sales and profit beat Wall Street estimates on Wednesday, as the beverage maker’s advertising and marketing push helped drive sales of its snacks, sparkling waters and low-sugar sodas globally. Shares of PepsiCo hit a record high of $125.92 in morning trading after the company said its core sales grew at the fastest[Read[Read More…]

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Grocers in Iceland lament the lack of ‘first class Icelandic potatoes’

The Icelandic Federation of Trade is calling for a suspension of duties on potatoes so that potatoes grown abroad can be imported at an acceptable cost to local consumers.  RÚV reports that Iceland’s current potato crop suffered after a wet and cold summer last year. As such, locally-grown potatoes are not up to their usual standard and grocers and produce importers[Read[Read More…]

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Northwest potato stocks, disappearance above last year

Potato stocks in Idaho, Oregon and Washington on April 1 totaled 98 million hundredweight, up from 87 million a year earlier, the USDA National Agricultural Statistics Service reports. Stocks in Idaho totaled 56 million cwt., up from 50 million. Disappearance to date was 84.2 million cwt., up from 81.3 million. “Our movement the past two to three weeks has been[Read[Read More…]

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Potato prices soar in Eastern Europe

Prices of some vegetables, especially potatoes, in the Czech Republic have been increasing dramatically due to a significant drop in production, a new report from the US Department of Agriculture’s Foreign Agricultural Service has revealed. According to the information, consumers are paying over 67% more for potatoes, and almost 25% more for vegetables (including lettuce, peas, cucumbers, etc). Potatoes, a[Read[Read More…]

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Great Britain’s potato stocks estimated 26% down on last year

Aidan Wright, Analyst at AHDB Potatoes in the UK reports that GB grower-held potato stocks at the end of March 2019 are estimated at 0.98Mt, a fall of 26% (353Kt) on last year and 13% (148kt) below the five season average (2013-2018). Despite a smaller crop this season, stocks remain higher than at the same point in 2012/13 (+162Kt) and are[Read[Read More…]

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Irish potato market update: Glasshouse potatoes on the market, little planting progress

The cooler weather over the past week has maintained higher potato consumption levels. Irish glasshouse potatoes have made their appearance on the market for the first time this year. There is still a little pressure in the wholesale and peeling markets from ambient store material. On the positive side, some growers in the border area have reported increased orders from[Read[Read More…]

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New Canadian store sells ‘imperfect’ produce for half the price

A new store has opened in the Canadian province of British Columbia, to keep food out of landfills and make sure more local families get fresh fruit and vegetables. ReFresh, a shop that offers produce deemed no longer sellable by grocery stores at lower prices, had its grand opening in the Cowichan Valley city over the weekend. Executive director Judy[Read[Read More…]

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Organic Produce Summit: Educational sessions on international organic produce supply and trends

A pair of educational sessions related to the burgeoning growth of organic production and sales from a global perspective await attendees at the fourth annual Organic Produce Summit (OPS), this coming July in Monterey, CA. Sponsored by Robinson Fresh, the two sessions will explore how international organic growers and distributors are impacting the multi-billion-dollar organic fresh produce industry—-and examine retail[Read[Read More…]

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Brexit’s bitter harvest for farmers

A no-deal Brexit would drive pig farmers into the red, but potato growers would be even worse off if Britain were to leave the European Union with an agreement, an analysis has suggested. Ministers have been warned that the affordability of British food is at stake after the government-backed Agriculture and Horticulture Development Board projected that average farm profitability would[Read[Read More…]

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‘Potato cultivation is vital for Walloon agriculture and the Belgian food industry’, industry organizations say

A press release issued recently communicates the concerns of residents about the construction of a potato processing plant in Frameries in Belgium by the company Clarebout, as well as the considerations of the Minister Di Antonio on the development of potato farms in Wallonia and its impact on the environment. Fiwap (the interprofessional organization of the entire sector in Wallonia),[Read[Read More…]

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UK based Scott & Newman celebrates 100 years of potato trading

This year marks 100 successful years in business of UK potato trading company Scott & Newman Limited. Scott & Newman joins a number of historic centenary businesses across the UK including The Royal Mail, Barclays, Twining’s and Cadbury.  To celebrate this grand centurion, the company is hosting an invited guest list of farmers and others at Ludlow Racecourse, on May 12, 2019.[Read[Read More…]

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Results down for major British potato supplier

Turnover and profits have dropped at one of the UK’s largest potato businesses, according to newly filed accounts. Lincolnshire-headquartered Branston, which supplies own-label products to supermarkets, such as Tesco, as well as selling under its own brand, has reported a turnover of £133.5m for the year to 29 July 2018, down from £143m in the prior 12 months. Its pre-tax[Read[Read More…]

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Lukie Pieterse, Editor and Publisher

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