Trade/Markets/Prices

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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Potato giant Lamb Weston boosts outlook as restaurants drive sales

America can’t get enough french fries. Sales to restaurants and food service distributors in North America carried potato giant Lamb Weston to a stronger quarter than expected, heating up shares of the $11bn company on Tuesday. The group also raised its outlook for the full year, citing “favorable trends in global demand.” Idaho-based Lamb Weston, a purveyor of frozen food[Read[Read More…]

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Tolsma-Grisnich: ‘Improving your agribusiness in an intelligent way’

Just like your car, tractor or other machines, your storage facility also needs periodic maintenance to ensure trouble-free operation. You are even under a legal obligation to have your cooling installation inspected every year.  Failure to maintain a storage facility properly will also lead to higher costs in the long run. So make sure that your ventilation, cooling installation, electrical[Read[Read More…]

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How a specialty potato company and its product manage to drive consumers into stores

Side Delights® offer American consumers ease in packaging, preparation, and meal planning – giving them back some of the time they need, and also driving them into stores.  Consumers are no doubt becoming busier, more stressed, and information overload increases. As a result, their need for ease and simplicity also grows.  According to Nielsen, consumers are feeling more stretched than[Read[Read More…]

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Egypt’s potato exports rising

Egypt’s Central Administration of the Ministry of Agriculture issued a report last Wednesday revealing that Egypt’s exports of agricultural products, especially potatoes and citrus, rose to 1 million and 111,000 tons, an Agriculture Ministry official told Egypt Today, reports FreshPlaza, quoting a news article by egypttoday.com . These shipments were exported to the EU in accordance with international export quality[Read[Read More…]

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French parliament opposes imports of Canadian potatoes treated with bee-killing insecticide

The French parliament has strongly opposed the European Commission’s plan to increase the maximum residue limits of several neonicotinoids including clothianidin, an insecticide that kills bees, and haloxyfop-R, a herbicide that is toxic to human health, FreshPlaza reports. This is a way to show their contempt for the Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA), which Europe and[Read[Read More…]

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Canadian potato prices climbing in wake of poor growing season

Fresh potato prices in Canada are higher than usual because of shortages after the worst growing season in decades, CBC reports. On Prince Edward Island, Canada’s largest producer of potatoes, it’s estimated about 2,800 hectares of potatoes were left in fields, because the fall was so wet and fields were too muddy to harvest. The season was also late starting[Read[Read More…]

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US: Legislation withdrawn as potato contract talks with fried-products processors brighten

The Southern Idaho Potato Cooperative has withdrawn legislation governing negotiations with processors after reaching a contract that will provide a 3% price increase to growers, according to a report by Capital Press. House Bill 121 would have put into statute practices that grower associations and fried-products processors have used for 50-plus years to negotiate supply contracts. The legislation would have[Read[Read More…]

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Canada: Pressure continues on supply of Prince Edward Island potatoes

Supplies of potatoes from Canada’s Prince Edward Island province are very tight. “We’re short in Canada and I know they’re also short in Europe and the U.S. has issues as well and it’s due to weather,” says Jennifer Harris of Mid Isle Farms in Albany, PEI. “We had everything. We had a wet spring which delayed growers getting into the[Read[Read More…]

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New Chairman of Potatoes USA says ‘focus will be to increase retail sales’

Potatoes USA, the Marketing and Promotions Board for the U.S. potato industry, concluded its 47th Annual Meeting on March 14. During this meeting, a new Board Chairman and Executive Committee were elected to lead the industry for the coming year. Phil Hickman of Horntown, Virginia will serve a one-year term as Chairman, making him the board’s first Chairman from Virginia.[Read[Read More…]

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Turkey to import Egyptian potatoes: minister

The Minister of Agriculture and Land Reclamation in Egypt, Ezzeddin Abu Steit, issued a report on Turkish markets opening up to Egyptian potatoes. The ministry seeks to open markets in all countries of the world to Egyptian agricultural exports in order to increase the country’s foreign exchange resources and the GNP, said Abu Steit. The minister said the the Central[Read[Read More…]

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North America: Will French fry production lead to increased potato acreage?

North American processors either have or will be bringing online as least 1.3 billion pounds of new frozen potato product processing capacity between October 2018 and December 2019, writes Bruce Huffaker, Publisher of North American Potato Market News in Potato Country magazine. That is roughly an 8 percent expansion in about 16 months. When the new lines operate at capacity,[Read[Read More…]

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Lukie Pieterse, Editor and Publisher

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