Kartoffeln News, 11/17/2023

There has been little change in the fundamental market sentiment on the processing market. The last few days have had little effect on harvest progress, especially in Belgium and the Netherlands. The end of this year's harvest is still not in sight. However, there is only a small amount of trading in free quantities overall. Hardly anything is available from the field, and at the same time farmers are holding back good quality goods in their warehouses. Due to the tight supply and increasing demand for Innovator, Reka is increasing its prices to 23 euros/dt, Challenger and Fontane can achieve 20 euros/dt, which is 5 euros more than in the previous week. Prices have also increased significantly in Belgium. Free lots are traded here that are not suitable for storage and require quick processing. Belgapom is also quoting 20 euros/dt for Fontane today. In France the harvest has come to a complete standstill. Heavy rain showers interrupted the harvesting work. It is more than questionable whether all the potatoes can even be recovered. After all, the remaining stocks in the fields in France are not as large as in Belgium or the Netherlands.The RNM also increased its listing this week; transactions are also manageable in France, as the factories can still largely supply themselves with contract goods. At the food market there are very few tubers left that have not been cleared. The storage has mostly been completed, but field goods are still being traded here and there. The bottom line is that the market is stable and balanced. Regionally the prices could be slightly different. With sales volumes continuing to be lower, contract prices for the April date on the EEX continue to rise. A peak price of 30.50 euros/dt was traded today. The EEX is now quoting the index level weekly again. On November 9th An index level of 13.70 euros/dt was determined. Yesterday, Thursday, 16.00 euros/dt were quoted.