Trade/Markets/Prices

Lamb Weston's Board chairman buys more shares

Chairman of the Board, William G. Jurgensen reportedly acquired 18,000 shares of this packaged foods company, paying $92.01 per share for a total amount of $1.66 million. Mr. Jurgensen increased his stake by 14.00% to 146,536 shares with this purchase. According to a report published by Seeking Alpha, “it is a little surprising to come across a company that focuses[Read More…]

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Canada: Peak of the Market's 'Potahto Week' event returns

Registration is now open for restaurants hoping to be crowned champion during the 3rd annual Potahto Week presented by Peak of the Market in Winnipeg in Canada’s Manitoba province. The 10-day event challenges restaurants to put forward a signature dish made with Manitoba grown potatoes and lets the public vote on their favourite creation. According to Larry McIntosh, President and[Read More…]

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US: Maine's potato universe

Potato-eaters this month are getting a chance to try a new variety that hasn’t been seen in New England before, the result of a partnership between Fryeburg’s Green Thumb Farms and Hannaford Supermarkets. If it works, you may eventually find new kinds of potatoes in a wider range of Maine stores. Mike Hart, director of sales and marketing for Green Thumb Farms[Read More…]

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Report: Potato Chips Market Overview in the United Kingdom

IndexBox has just published a new report: â€˜United Kingdom – Potato Chips – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of some of the report’s key findings. The revenue of the potato chips (french fry) market in the UK amounted to $686M in 2018, dropping by -4.6% against the previous year. This figure reflects the total revenues[Read More…]

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Ireland: 5% of potato crop still in the ground

The Irish Farmers’ Association (IFA) estimates that 5% of the potato crop across the country remains in the ground. That said some farmers have a lot more acres remaining than others, depending on the weather they were greeted with in the past few months. At the beginning of December, 15-20% of the potato crop remained in the ground as the[Read More…]

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Farm Frites plans to build a french fries plant in Kazakhstan

Netherlands based company Farm Frites Beheer B.V. reportedly plans to build a french fry processing plant in the Zhambyl region in Kazakhstan during the next two years. According to a report issued by the Dutch Ministry of Agriculture, “the total cost of the project for the construction of an export-oriented factory for the production of french fries is $145 million.[Read More…]

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Potato war: Colombia takes anti-dumping measures against European frozen french fries

In October of last year, the European Commission (EC) lodged a complaint with the World Trade Organisation (WTO) about the import tariffs Colombia has imposed on frozen french fries from Germany, Belgium, and the Netherlands. According to the European Trade Commissioner, Cecilia Malmström, the European Union (EU) considers this South American country’s anti-dumping measures to be ‘entirely unjustified’. The dispute[Read More…]

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EU COOL rules can be difficult to sort through

An access to information and privacy request acquired by The Western Producer shows how complicated the Comprehensive Economic and Trade Agreement is to sustain. A Nov. 30, 2018, email between Agriculture Canada staff included a background document on Poland’s move to introduce mandatory country-of-origin labelling for fresh potatoes, despite the Canada-European Union trade deal’s tariff elimination for fresh potatoes. The[Read More…]

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Lamb Weston sees strong second-quarter sales volume growth

Improved sales volumes in Lamb Weston, Inc.’s Global and Foodservice business units propelled the potato processor’s net income up 18% during the second quarter of fiscal 2020, according to a report by Baking Business. Net income for the quarter ended Nov. 24, 2019, totaled $140.4 million, equal to 96c per share on the common stock. It was an increase when[Read More…]

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Potandon’s Gabriel Boldt talks about the current ‘state of the pile’ for potatoes

From planting time through harvest, 2019 presented some difficult challenges for growers for potatoes and many other crops in the state of Idaho and across the country, according to Gabriel Boldt, potato variety operations manager at Potandon Produce LLC in Idaho Falls, ID, the nation’s largest shipper of table stock potatoes. This year, “the whole United States has been affected[Read More…]

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Analyst Insight: How tight does the British potato market look?

This autumn has been the wettest across England since 2000 and the fifth wettest on record. These conditions have hampered lifting across GB, with progress particularly slow in Yorkshire and the North of England. What impact might this have on supply levels for the coming season? Much depends on the sector, as Aidan Wright, Analyst at AHDB explains in this[Read More…]

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UK: Shoppers urged to buy ‘less-than-gorgeous’ potatoes from flood-hit producers

Bags of potatoes grown by flood-hit producers are carrying special blue stickers to encourage shoppers to buy them despite their less-than-perfect appearance. Potato growers – mainly those in Lincolnshire, Norfolk and parts of Yorkshire – have been badly hit by crop damage after suffering the worst flooding since 2012. Tesco said it will sell packs of potatoes grown in the[Read More…]

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China: Nice weather boosts struggling potato industry

According to a recent GAIN report (USDA), potato farmers in China are expected to reap a bumper harvest, with fresh potato production increasing by 5 percent year on year in marketing year 2019/20. Favorable weather in key growing regions will boost China’s processed potato production, particularly in the fast-growing area of frozen french fries. China’s additional tariffs on U.S. processed[Read More…]

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Weather issues affect US potato crops

Weather issues during the 2019 growing and harvest season had potato prices soaring during the pre-holiday period, with little change expected after the first of the year, marketers said. A hard freeze swept into Idaho in October and affected some of the crop, although most spuds across the state had come out of the ground by then, said Ross Johnson,[Read More…]

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Wada Farms organic programs continue to grow

With demand for organically-grown produce continuing to increase, Wada Farm Marketing Group LLC in Idaho Falls, ID, made a commitment several years ago to greatly expand its organic offerings across all of its product lines. That effort is ongoing, as the company continues not only to increase its volume of organic products but also to extend availability, with a goal[Read More…]

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Maine Potato Board preps for exciting season ahead

The Maine Potato Board is aiming to continue its winning streak by following up on last year’s very successful season with one that is nearly as good. “We’ve just been over a long harvest that went much longer than we hoped, but that being said, we got the crop out of the ground and I think it’s a quality crop[Read More…]

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Australian potatoes explore Egypt

A trade delegation including Western Australian (WA) potato industry leaders toured Egypt in November, confirming the potential to export at least 10,000 tonnes of seed potatoes.  The delegation focused on connecting with commercial operators at all levels of the Egyptian supply chain involved in potato crisp processing. This visit followed a 2017 visit, which identified the market as having significant[Read More…]

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US: Varietals, organics continue to spice up potato business

A potato isn’t just a potato, particularly now, with new varieties and organics coming on, marketers say. “Everyone is looking for category growth, and that is coming from specialty and organic offerings,” said Scott Leimkuhler, vice president with Los Angeles-based Progressive Produce LLC in Walla Walla, Wash. Large size packs on russets (10s and 15s) are decreasing in popularity, as consumers are[Read More…]

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New trade agreement good news for spud exports to Mexico

The recent approval of an updated trade agreement for North America is good news for U.S. potato growers who do business in Mexico, according to the top official with the potato industry’s lobbying organization.  National Potato Council CEO Kam Quarles said Tuesday’s announcement of the signing of the U.S.-Mexico-Canada Agreement should “stabilize” potato exports to America’s southern neighbor. More than[Read More…]

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North America: Processed potato needs influence fresh market

The chip, frozen and other potato-processing businesses continue to touch the fresh industry, but that touch might be a bit stronger this year, marketers say. “We have all heard of the news in the U.S.,” said Ross Johnson, international marketing director with the Eagle-based Idaho Potato Commission.  He noted the U.S. Department of Agriculture recently reported that, overall, the U.S.[Read More…]

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Spuds are value buy, even when prices rise

Michael Hart, sales and marketing director with Green Thumb Farms, says successful potato marketing starts with the right mix of varieties that consumers want. ( Photo courtesy Green Thumb Farms ) Potato prices may be higher this year than last because of tighter supplies, but the product remains a good value, and its versatility certainly hasn’t changed, marketers say. Big,[Read More…]

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Bad weather creating french fry shortage in the US

If you love French Fries, you better eat them while you can; a stretch of poor weather has lead to a significant shortage of potatoes in North America, which could leave your local deep fryer empty of the delicious spuds. Unusually cold and wet conditions in both the United States and Canada destroyed crops, putting a big crunch on the[Read More…]

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US National Potato Council welcomes news about trade deal with Japan

Japan’s Upper House on Wednesday approved a trade deal with the U.S. that slashes tariffs on farm and industrial goods, clearing the way for its entry into force at the beginning of next year. The deal, agreed to by Prime Minister Shinzo Abe and U.S. President Donald Trump in September, was approved following its passage in the Lower House last[Read More…]

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Lukie Pieterse, Editor/Publisher of Potato News Today


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