Potato Production in China to rebound this marketing year
According to a GAIN-report prepared by the USDA staff in Beijing, China’s fresh potato production in marketing year 2017-2018 is forecast at 97 million metric tons, a five percent increase from the estimated 92 million metric tons
The increase is attributed to a continued increase of the potato growing area. China’s Frozen French Fries production is forecast at 250,000 MT, a 10 percent increase from 230,000 MT in MY2016/17, driven by strong domestic demand. Post forecasts China’s MY2017/18 FFF imports at 120,000 MT, about a 5 percent decrease from 126,620 MT in MY2016/17, due to increased domestic production. The United States continues to dominate China’s Frozen French Fries import market.
Fresh Potatoes As the largest potato producer in the world, China’s MY2017/18 fresh potato production is forecast at 97 million metric tons (MMT), due to an expansion of potato area. During the 2016/17 season, production was forecast to increase 3 percent to 100 MMT, but actually dropped 5 percent to an estimated 92 MMT. This decrease was due to continuing drought in the North and large-scale late blight occurrences in the Southwest.However, due to a decline in corn area attributable to China’s recent corn reform and because 2017 spring potato prices were very high (the highest they have been in the last 8 years), industry sources report expanded potato area heading into the 2017 planting cycle......