Trade/Markets/Prices

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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French potato market reportedly ‘tight with high prices’

According to a report by FreshPlaza, Francisco Moya, the director of the company Négonor in France says that “the situation on the potato market is very tight. Stocks are low, and we are starting to take from the reserves.” As the weeks go by, the French potato is expected to become even scarcer. Moya told FreshPlaza that “fortunately, we have[Read[Read More…]

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Lamb Weston rated favorably by leading investment research firm

Lamb Weston stocks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 price target on the stock. Zacks Investment Research is an American company dedicated to the production of independent research and investment-related content. According to a report by Highlight Press, Zacks says “Lamb Weston has outperformed the[Read[Read More…]

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US potato industry to lose ‘about $200 million if the U.S.-Mexico-Canada trade agreement fails’, says new NPC CEO

The National Potato Council’s new executive staff will be well known to its members. The current vice president of public policy and communications for the NPC, Kam Quarles, will become the new CEO May 15, and Mike Wenkel, the executive director of the Michigan Potato Industry Commission, will join the same time as chief operations officer. NPC’s longtime CEO John[Read[Read More…]

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Potato acreage in France expected to increase this season

The National Union of Potato Growers of France (UNPT) is said to estimate that the total potato acreage in that country will grow this year, despite the difficulties in finding seed potatoes, according to an AgroDigital report via FreshPlaza. The UNPT advises growers to ensure they are able to supply the quantity and quality that their buyers demand. The organization[Read[Read More…]

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Produce shipments slowing at U.S.-Mexico border

Shipments of fresh produce from Mexico into the U.S. are likely to be impacted by the U.S. reassignment of up to 750 border guards to assist in processing migrant crossings along the southern border. U.S. Customs and Border Protection (CBP) commissioner Kevin McAleenan made the announcement March 27, 2019, saying that importers and exporters should expect to see “a slowdown[Read[Read More…]

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British potato supplier cautious despite sales growth

A Cheshire food specialist which operates as one of the largest single suppliers of crisping potatoes to the UK industry has increased sales towards the £40m mark. However, a director has told Insider that last summer’s drought could cause a “significant reduction” during the current year. Mercian supplies potatoes for approximately 1.2 billion packets of crisps a year. Founded in 2005, it operates from its[Read[Read More…]

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Danish potato seed company Myco Seed A/S issues public response to Breeder Trust issue

Breeders Trust, the organization that defends the Plant Breeders’ Rights of 10 leading European potato breeders, won a lawsuit in Ferbruary against the Danish potato export and trading company Myco Seed A/S located in Give (Denmark). The Danish court in Kolding has ruled that Myco Seed A/S has infringed the Plant Breeders’ Rights of 3 varieties in Denmark belonging to[Read[Read More…]

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British outward Egyptian mission offers ressurance on future

AHDB’s Rob Burns and John Ellicott from SASA recently returned from an outward mission to Egypt where they met with the Head of CAPQ, Dr Ahmed, to discuss the past season, the coming season and issues around Brexit. Rob explains: “We confirmed that UK trading position with Egypt is secure after Brexit as legislation allows imports from all countries in[Read[Read More…]

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Brexit: NI potato firms ‘unable to export to EU’ in no-deal

Northern Ireland potato firms will not be able to export to the EU in the event of a no-deal Brexit. Hundreds of tonnes of table potatoes and bulk shipments of chips are sent to the Republic of Ireland every week. But government guidance says trade to EU countries will face restrictions in the absence of an agreement. One of NI’s[Read[Read More…]

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Lukie Pieterse, Editor and Publisher

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