10.
03.23
UNPT assumes that inventories are low

Kartoffeln News, 03/10/2023

Bullish
  • european harvest
  • Import requirements from Eastern and Southern Europe
  • lower early potato production in Spain
Bearish
  • incoming new potatoes from Egypt
  • lower consumer purchases of ware potatoes
  • Supply situation factories from firm contracts high
  • weak export demand from Eastern Europe in Germany
International listings €/german
country listing variety previous week Current the change
Netherlands PotatoNL Cat. 1 28.50-31.00 28.50-31.00 0.00
Belgium Belgapom Fountain 30.00 30.00 0.00
France RNM Fountain 30.00 30.00 0.00
Germany Reka Fountain 29.00 29.00 0.00

Even if the prices on the EEX for the April-23 contract are 10 cents lower today than at the closing bell yesterday evening, the futures prices are still firmer in a weekly comparison. This afternoon the tubers are trading at a price of 29.40 euros/dt with low sales volumes. However, buyers and sellers are close overall. Potatoes for processing : Overall, little has changed on the spot markets in Germany and Europe. Stable and balanced relationships between supply and demand are reported from Belgium. However, hardly any short-term lots are traded, the buyers are more receptive to later delivery dates. The quotations remain unchanged, for Fontane and Challenger the quotations from Belgapom are each 30 euros/dt. In France, there are increasing impulses on the food market and the resulting higher prices. However, the processing potatoes cannot benefit from this. The market is extremely calm and the current protests are also delaying deliveries. The food market in Germany is still balanced. The listings have been unchanged for weeks.An estimate by the French growers' association UNPT, which evaluated the potato stocks in Europe, also makes people sit up and take notice on the local market. All in all, according to UNPT estimates, these are low. In Romania, for example, stocks have been cleared except for a few small calibres. In Bulgaria, the warehouses are also said to be almost empty, but an early early potato harvest is expected here. The UNPT also expects further import requirements for Poland, as there are indications of low stocks. Exports to Eastern Europe are still restrained in Germany, while France is reporting increased deliveries to Spain, Portugal, Hungary and Romania.

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ZMP Live Expert Opinion

Balanced: This word characterizes the food market all year round and the processing market is also stable. The result is constant prices. There are very few fantasies in one direction or the other.

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