08.
03.24
Fixed prices for processing potatoes

Potatoes News, 8th / Mar / 2024

Bullish
  • Constant demand from processors
  • Little planting material available
  • Producers' willingness to sell low
  • High demand and consumption of frozen goods
Bearish
  • Imported goods from Egypt
International quotations €/dt
country Quotation variety previous week Current the change
Netherlands PotatoNL Cat. 1 35.00-40.00 35.00-40.00 0.00
Belgium Belgapom Fountain 35.00 35.00 0.00
France RNM Fountain 35.00 35.00 0.00
Germany Reka Innovator 38.00 39.00 1.00

There has been little change in the fundamental market situation on the Belgian potato market in the past few days. The manufacturing industry in particular is always looking for additional free lots. Even though the willingness to sell has increased with the recent price increases, the supply only barely covers demand. Belgian exports, on the other hand, are weaker. Here, the increased price level caused restraint among importers. In this country too, nothing has fundamentally changed in the situation on the market. Sales on the stock exchange appear to have calmed down slightly, and trading on the cash market is also proceeding calmly. In addition to marketing, producers are now focusing more and more on the upcoming planting. Problems seem to arise here particularly in the availability of planting material. Traders are reporting that demand is currently exceeding supply and a shortage could also be looming in this year's early potato season. On the food market , prices for good quality products were once again stable or slightly higher. There are reports of declining inventories regionally. The current high sorting rate in particular is causing additional shortages. Market participants are satisfied with current sales in food retail. It corresponds to a level typical for the season. The local offerings are also supplemented on the shelves with tubers from Egypt.

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ZMP Live Expert Opinion

The shortage of both edible tubers and processing potatoes ensures that the fixed price structure will prevail for another week. Looking ahead to the coming week, the fundamental situation is unlikely to change much, so falling prices are not expected.

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