23.
10.20
First signals for food products - cautious sales of French fries

Potatoes News, October 23, 2020

  • Food in demand
  • final harvest work
  • Corona pandemic
  • Curfew and regional lockdowns
  • missing export
International quotations € / dt
country Listing variety Previous week Current modification
Netherlands PotatoNL Cat. 1 3.00-4.00 3.00-4.00 0.00
Belgium Belgapom Fountain 3.00 3.00 0.00
France RNM Bintje 3.00-5.00 3.00-5.00 0.00
Germany Reka Industrial goods 3.50-4.00 3.50-4.00 0.00

The first impulses for the food market are slowly coming from southern Germany. The fields here have largely been cleared and the plentiful supply of average qualities is decreasing. In the north, the market is a little different. Most producers expect that the harvesting work will be completed in the coming week and that stock items will then also be used here one by one. Strong demand is also reported from the packer. In view of the fact that individual consumers are already starting to hamster again, there are quite justified hopes that sales will be above average in terms of volume. The concerns about Corona and a new partial lockdown are burdening the processing potato trade. A decline in demand is already clearly noticeable in Belgium. If free goods are transshipped here, then not for 3.00 euros / dt. The harvest of french potatoes in Belgium is 50% complete, according to observers. A weak potato market is also emerging in France. The harvest progresses quickly with favorable weather conditions.Bintje achieves 5.00 to 6.00 euros / dt here and there, most types are traded for up to 2.50 euros. In Great Britain there is no turnover of free goods, only on the outskirts of the large centers there is still a few turnover. At the EEX , the April-21 tubers are losing significantly today. The contracts are currently trading at EUR 6.7, with additional buyers positioned at EUR 6.60. Contracts for April 22 have been increasingly searched for and offers in the last few days and have improved to 14.00 Eruo / dt over the course of the week.

First signals for food products - cautious sales of French fries
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ZMP Live Expert Opinion

Hopefully, the next week will show where the food is going. Fried potatoes will also have a hard time whl in the coming weeks, especially in view of the further fears about Corona. The Dutch have already severely restricted their gastronomy.

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