06.
09.19
Demand from Eastern Europe stabilizes the potato market

Kartoffeln Cockpit, 06.09.2019

  • Many potato growers encamp and short supply
  • Demand from Poland remains high
  • Consumption of fresh potatoes is falling sharply
  • Expansion of potato cultivation areas is expected
  • EEX prices show no impulses

The fact that there are always enough potatoes during the harvest is the reason why it is so quiet right now. The super-regional demand is calm and prices are under pressure. So is everything normal? Or do we have to adjust to troubled times now? Consumption of fresh potatoes has been particularly pronounced this summer; more than usual, because the heat prevented hunger for hot dishes. This negative trend has therefore made itself felt particularly in this year. In the last 10 years, however, this has been compensated by an increasing demand for processing raw materials. Potato consumption has continued to increase and potato cultivation area has been steadily expanded. This is supposed to have been particularly strong this year, which is not unusual, because in the last year the harvest was not sufficient because of a drought and there were high prices. A similar devastating drought, but there are also this year. The farmers in Western and Central Europe were better prepared than their counterparts in the East.As a result, the sale of potatoes from surplus areas in the West started exceptionally early, which explains why our consumer potato prices are far from falling as much as in other years just before the start of the main crop. This in turn could be a problem for traders who do not want to fill their winter storage with high-priced potatoes. They can only benefit from a stock advantage if winter prices significantly overcompensate weight loss. That is not sure. Since the forecasts for the potato harvest in the EU are currently still very uncertain, many farmers are still undecided about how many tubers from the harvest they want to sell immediately and how many you want to store. The question of the economic benefit is the same for them: Does the price in winter increase more than the loss of storage can? Finally, losses are not only caused by the evaporation of adhering water or sweat losses of the tubers. The durability of the harvest as a whole is still a big question mark. Although starch levels may not be a problem after many hours of sunshine, some Erwinia cases are already reporting.While the growth rates are significantly lower, even in late-ripening varieties than in other years, potato growers are preparing for storage. A proper marketing advantage also prevents supply pressure. Quotations for frit raw materials have now been at an unchanged level for three weeks. The Belgapom and the REKA left it today with the prices of the last week. If demand from Poland and other Eastern European countries were not so constant, the spot market for potatoes would come to a complete standstill these days. The factories currently only process contract goods. They also have to, so they meet their purchase commitments in time. If the European fry factories want to continue to operate so successfully on the world market, they will still need high-performance raw material suppliers at their side in the future. On the Weuthen potato day in the last week already a further expansion of the potato cultivation area was called for. From there came but otherwise no impetus for this marketing season.Actually, the trading house can not be interested in that, because after a very successful new potato season the potato farmers in the Rhineland are more than satisfied and behave calmly. On the other hand, the factories must be grateful for such efficient suppliers. This impressive showcase of the German potato industry is very satisfied with itself. Since you can currently need no restlessness.

Demand from Eastern Europe stabilizes the potato market
ZMP Live+ Logo

ZMP Live Expert Opinion

Since mid-August, there are no new news from the potato market that could influence the mood. The April 20 futures contract on the EEX in Leipzig is a good barometer for this. Prices on this maturity have been in the range of 13 to 14.6 € / dd for a good three weeks. Sales were low in the last few days. The Bonn market analyst AMI noticed this calm already at the end of August and wondered if that was the calm before a storm.

ZMP Market Report Compact
Latest news from the markets, in compact for you

You see historical data because you're not logged in or not a ZMP Live+ member. Get your information advantage now!

22.
02.20
10:39
Grafting potatoes Market Report Compact

(Text and graphics by Hans Jürgen Hölzmann, agricultural engineer, Meckenheim, February 21, 2020) Every year in February the buyers offer the new contracts for the bearing types for the "french raw material" such as B. Agria, Callenger and Fontane. Depending on the market situation, the conditions for fixed-price contracts change slightly from the…

23.
11.16
10:30

Since the middle of November the price index for processing potatoes is listed on the EEX in Leipzig again. This index represents the average spot market quotations for goods that are free (from farm stock) the standard varieties for prompt delivery in the Western European countries. Through this index and the futures market prices, the market is…

10.
11.16
14:53

The potato crop in Western Europe was completed in the last few days. The mostly weak this year qualities and yields could be harvested thus at least completely. From the individual countries, the statistical authorities so after report the estimated results that indicate a similar weak harvest as in the previous year in the total. At the same time…

Rückrufservice
Beschreiben Sie bitte Ihr Anliegen, damit wir uns auf den Rückruf vorbereiten können.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich