European physical markets
Report of €/t prices (source: NEPG):
Message from the Fiwap / PCA markets :
Industrial potatoes: markets remain sluggish, due to the almost complete absence of industrial demand and very low export activity. There is some demand for livestock, but at prices that are increasingly rejected. The supply is scarce, but sufficient. The harvests are not yet complete. Overall, 5 to 10 percent of the Belgian acreage has yet to be harvested, but several sub-regions still have 10 to 20 percent to go.
Fontane, Challenger, Bintje: between 2.00 and 3.00 €/q, with the most popular price at 2.00 €/q.
Plant of Bintje: little trade, buyers and sellers awaiting. Dutch plant, class A, delivered March 2021, by 10 tons, in big-bags hTVA:
Size 28 - 35 mm : 65.00 - 67.00 €/q
Caliber 35 - 45 mm : 42.00 - 44.00 €/q
EEX in Leipzig (€/q) Bintje, Agria and related var. for processing, 40 mm+, min 60 % 50 mm+:
Lower prices do not lead to more transactions. Unneeded volumes are simply left aside by the industries. The supply remains limited to a few surplus tons, as producers don't want to sell at current price levels. The negative trend is fuelled by the difficult conditions during the end of the harvest (which brings batches of degraded quality and difficult to store) and by the decrease in industrial activity following the partial lockdown due to Covid-19. Exports have woken up, with a good demand from overseas destinations (Africa, Caribbean, Asia) caused by low prices (8.50 to 11.00 €/q when ready to be shipped, which entails 5.00 to 7.50 €/q for the producer). There is also a supply of surplus seedlings at 4.50-6.00 €/q. The internal markets for fresh produce are doing well, partly as a result of promotional events. Producer prices remain stable at 10.00-12.00 Euro for soft pulp potatoes and 14.00-22.00 Euro/q for firm pulp ones.
Industry: transactions on the free market remain limited to a few batches that cannot be stored. On the export market, the situation remains lively, with quality batches going to Spain, Italy, Portugal and certain Eastern European countries that are looking for potatoes of higher quality than the local supply. On the domestic markets, the wholesale trade is not very lively; nevertheless, prices are holding steady. Not that much work is done with the reds, while supermarkets are organizing promotions with formats containing 5 kg of soft pulp potatoes or 2.5 kg of firm pulp ones.
Industrial price, bulk, departure, VAT excluded, Nord Seine, €/qt, min - max (avg) (RNM):
Fresh market (early and semi-early): price of firm pulp potatoes remains unchanged, with 10.83 €/q (10.83 €/q last week), and that of soft/floury ones remains also stable, with 10.17 €/q (10.17 €/q last week). The demand is good.
Processing market (industrial varieties for storage): stable and unchanged market: 3.50 €/q for Innovator / Agria (3.50 €/q last week), and prices also unchanged for the Challenger / Fontane: 3.00 €/q (3.00 €/q last week). The industry is mainly focused on its contracts. The harvest should be finished soon.
When shipped from the fields, 1.00 €/q has to be withdrawn from these prices for sorting costs
Organic potatoes: producer prices remain unchanged, with around 41.00 €/q (all varieties and markets combined), delivered to traders. Producers report increasingly more defects, ranging between 30 and 35%, i.e. 5 to 10% more than in 2019. Organic consumption is down for the 2nd consecutive month compared to the 9th (-12%) and 10th (-20%) months of 2019. Although the prices paid to organic producers are down and "bad" (compared to the last 2 years), prices in supermarkets have fallen little, while the price of the conventional has dropped by 15%. In recent weeks, the promotions of supermarkets with the conventional have not helped matters.
Free market prices (all varieties): for the week ending 07/11: £11.47/q.
Wholesale market demand was strong last week, with buyers continuing to order reliable quality lots. The supply is generally tight, with producers' lack of confidence in the markets over the coming months prompting them to limit their stocks. The exception is those with superior quality lots, who maintain their prices. The demand from large retailers is generally down, as is that for those for peeling, while Maris Piper's prices range between £6.00 and £8.00/q (6.60 to 8.80 Euro/q) calibrated and packed. The harvest is almost complete, with the exception of some areas of Essex, East Norfolk, Lincolnshire, Cambridgeshire and Scotland that have recorded heavy rains.
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