07.
07.23
Looking for early potatoes

Kartoffeln News, 07/07/2023

Bullish
  • Old crop stocks cleared
  • high demand new potatoes
  • regional drought
  • harvest delays
Bearish
  • Summer vacation dampens consumer demand
  • Main harvest could put pressure on prices

More and more new potatoes are coming onto the market at the food market . The marketing lead over previous years is unusually large. There are currently many early potatoes available, especially in the south-west and in the greater Hanover area. On the other hand, the harvest in Bavaria and the Rhineland is a little below expectations, and the range is not as extensive here. Overall, however, new potatoes are in demand everywhere in Germany and prices remain high because of the overall scarce supply situation. In the meantime, the potato stocks of the main harvest have developed better in the Heath region of Lower Saxony. The rain a good 14 days ago and the continuous irrigation helped the tubers to develop well. Processing potatoes are now being cleared regionally. Demand is particularly high here because the old stock has been cleared, as reported. If transactions are still taking place, prices of 60-61 euros are reported according to the Reka listing. In Belgium, the quotations remain unchanged at 60 euros/dt with hardly any sales left. Since there are no longer any stocks of the 2022 crop in France either, the Ministry of Agriculture has stopped listing.The harvest, whether early or late varieties, developed later than usual. Processors are urgently waiting for the start of the harvest, which is not yet apparent. Precipitation here in the last two weeks has provided more relaxation. According to market observers, significant deforestation could be expected in around 14 days. Things remain calm on the EEX . There have been no transactions in the past few days. A price trend can currently still be read from the courses.

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ZMP Live Expert Opinion

The signs on the potato market are positive from a producer's point of view. The start of the skin harvest will show whether the 2023/24 marketing year will continue as expensively as it started.

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