On the cash markets for food products showed little change in the prices on Tuesday. Partly, as in Lower Saxony East, floury potatoes could improve their trading margins, but on the whole potatoes are still stable. Processed potatoes have large inventories in the Netherlands. According to VTA survey results, farmers in the neighboring country have delivered only 16.6% of their harvest by the end of last week. That's more than 2018, but much less than average. Inventories are 13% higher than the 5-year average. Dutch factories processed 1 million tonnes of potatoes by the end of October, which is slightly more than average. The prices for fried potatoes remain constant everywhere. After the Netherlands and the Reka have raised their prices in the last week, the prices of Potato NL remain constant this week. Innovator noted at the Reka Rheinland today by 50 cents / dt firmer, even Fontane and Challenger can easily grow. Belgium and France show stable conditions. The spot index of the EEX remains unchanged this week with 14.00 Euro / dt.On EEX , the buyer side is raising its offer today. Already yesterday, the tubers traded large parts of the trading day between 18.00 Euro and 18.10 Euro, but closed in the evening with 17.90 Euro / dt a little weaker. Maximum price today was 18,20 Euro / dt. The interest in potatoes is increasing, as shown by the increase in open interest.
ZMP Live Expert Opinion
Inventories in the Netherlands are currently around 21% higher than in the previous year and 13% larger than the 5-year average. In addition, farmers have sold only 51% of their crop in advance. Stockists will have to sell a lot in the coming months. All this indicates that they expect significant price increases. Currently, however, you can only reach 12.5 € / dt for non-durable batches, while for tubers that have been matured, particularly good frits are required as low as 18.5 € / dt. Producer prices for exports to Great Britain, Belgium and Northern France are currently € 15 / dt.