Europa: EU processing potato price climbing due to soaring production costs and tight supplies
The price of processing potatoes in the Netherlands rose by 21% in the three-weeks up to 26th January 2022, and up 260% year on year to €180/MT.
Various market fundamentals are driving prices on the free-buy market, including soaring production costs and a seasonal decline in total potato storage stocks.
In Q4 2021, there was growth in processing potato prices in response to a global surge in demand due to COVID-19 recovery, and a large resumption in global export trade. This is expected to remain as a bullish driver throughout Q1 2022 as lockdown restrictions appear to have eased globally and foodservice demand is recovering to pre-pandemic levels.
This follows a year of low production for the 2021 season in the EU-04 zone + UK (Netherlands, Belgium, France, Germany & the UK). According to World Potato Markets, production is forecast at 35.3 million tons, a decline of 4.1% y-o-y. Tight supply will continue to drive prices up, until the 2022 planted area is known.
Fuente: https://www.freshplaza.com/article/9396344/eu-processing-potato-price-climbing-due-to-soaring-production-costs-and-tight-supplies/
