This past Friday, March 13, FreshPlaza published a report in which trends in the global potato market are discussed. The authors of the report say the potato market in Europe is now clearly divided between north and south.
In countries where the coronavirus / Covid-19 is around, the demand is rising, but especially for local products. For example, the demand in Italy has tripled for a short time at the start of the epidemic, and Spanish growers are barely able to keep up with the demand.
In the Netherlands, Belgium and Germany, the market is quiet again, which means that prices are under pressure. Due to the recent rainfall, potatoes have yet to be planted in Benelux countries.
In the North American market, there is mainly uncertainty about the availability of potatoes for the market. Given the volume of potatoes sold, there has been a switch in the retail sector in the last 30-90 days. Supermarkets only want to put potatoes that will be sold quickly on the shelves.
In Australia and New Zealand weather conditions have caused lower yields per hectare. Growers in Tasmania are facing the driest potato planting period ever, while water management remains an ongoing problem.
At the moment, potato prices are high on the Chinese market. This is not only due to the coronavirus, which is making transport more difficult, therefore slowing down trade, but also because stocks are somewhat smaller this year. Therefore, a higher price is currently being paid for the new potatoes.