The Mintec price of US potatoes rose by 17.8% year on year to USD 0.84/kg in November 2021. One of the drivers are declining production -following a severe drought- that hit key potato producing areas, including Idaho, the top producing state in the US.
As the festive period approaches in the US, table potato demand is expected to rise following a change in consumer purchasing habits. More consumers opt to purchase potatoes for home-cooked meals such as Christmas dinners, potentially exerting a temporary additional upward pressure on prices.
The Mintec price of US carrots also increased, by 27.7% y-o-y to USD 1.29/kg, in November 2021, in line with tighter supply following a severe drought and irrigation restrictions in California, the largest carrot producing state in the US.
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