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Potato prices in Europe doubling as yields fall below average

A 10 million-ton drop in the EU potato harvest has made potato prices surge across the continent. Supplies across Europe have fallen 13.5% this harvest, dropping from 64.6 million tons in 2017 to 54.4 million tons this year, as a result of this summer’s drought.

The shortage of supplies across the EU has been reflected in a sharp increase in local prices, which have increased to €450-500 per ton for main-crop varieties. This represents almost a doubling in price compared to 2017, when supplies generally made €220-280 per ton.

While potatoes for the lower end of the trade –peeled spuds for restaurants and chip shops– made just €60-80 per ton last year, buyers are having to pay €340-350 per ton at the moment because they can’t import cheaper supplies from Britain or Europe, according to potatonewstoday.com


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