03.
11.20
13:59

Sentiment on the market for chips raw material deteriorates

The mood on the market for chips raw material has deteriorated significantly with the announcement of new lock-downs. This is also shown by the price development for processing potatoes at EEX in Leipzig. In the last few weeks, the futures contracts for the month of April-21 were traded at their previous low of € 4.8 / dt, today's trading day ends at a price of € 5.7 / dt. The Dutch cultivation association VTA reports that the demand for processing raw material has fallen by 25%. In almost all countries in Europe, measures to limit contacts have been adopted. This primarily affects restaurants and canteens where more potato products are eaten than in private households. Although the demand for fresh table potatoes has picked up again noticeably, this does not compensate for the loss in sales of potato products.

Source
Hansa Terminhandel GmbH
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