Kartoffeln News, 04/21/2023

Compared to the middle of the week, the April 23 contract on the Leipzig stock exchange has fallen again. At EUR 35.20, however, it is still listed at a very high price level. There were no recent transactions for the other contracts. On the spot markets, the prices for processing potatoes continue to rise. Reka increased its listings, as did Belgapom. Again, it is mainly buyers from Belgium who are driving up the prices. In addition, the planting of new potatoes in particular is stagnating and a smooth transition from one season to the next is not expected. This creates demand, especially for the Belgian factories. In Germany, new publications show that sales of frozen products have increased significantly. French fries sales in particular are booming. In 2022, 18.5% more frozen fries were sold than in 2021. However, sales via food retailers have increased significantly more than sales to the catering trade. Overall, the per capita sales of frozen potato products is 5.58 kg per year. This means that per capita sales have recovered well above the pre-corona level.The France prices have not increased further today, but surveys here show that the stocks in the warehouses are very low. The situation on the food market continues to be very balanced. Supply and demand balance each other out. More and more Egyptian potatoes are coming onto supermarket shelves. The harvest in the North African country is now over. Deliveries from Spain are mostly expected from the beginning of May. Furthermore, market participants no longer expect a change in conditions, prices or even any significant impulses.