04.
08.20
15:58

Potato prices rise in the weather market

The market prices of the processing potato futures have risen sharply since Friday last week. The trading volume on the derivatives exchange in Leipzig was particularly high yesterday with over 450 lots on the April 21 futures contract. After the lowest prices in this maturity were traded below € 5 / dt at the end of July, yesterday and today prices rose again to € 8.7 / dt.
The reason for this must presumably be the announced heat wave, which should also reach the north of western and central Europe from tomorrow. The months of July and August are typical months with strong weather markets in the potato future. In fact, the precipitation or temperatures in August are decisive for the yields of stored potatoes.

Source
Hansa Terminhandel GmbH
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