Report: 5 Key insights on the frozen potato market through 2022

global-frozen-potato-market.jpgAccording to a new study by Fact.MR,  global frozen potato market for frozen potato is estimated to bring in US$ 60,109.5 million revenue by 2022 end. The market is projected to register moderate growth of 4.0% CAGR during the forecast period 2017-2022. The growing business of quick service restaurants and increase in disposable income of consumers are some of the key factors fuelling the growth of the frozen potato market globally. Manufacturers are focusing on using advanced technology for refrigeration at the right temperature, thereby preserving frozen potato for a longer period of time. Some insights discussed in the report show how the global frozen potato market will perform in the next five years. Europe is expected to dominate the global frozen potato market, and North America is expected to emerge as the second most lucrative market. By the end of 2022, modern trade is projected to exceed US$ 25,100 million revenue. More

Canada: Alberta potato growers invited to take part in Thailand trade mission

Alberta seed potato companies are invited to participate in a market development mission to Thailand from November 19-27, 2017. The mission will include stops in Bangkok, Chiang Rai and Chiang Mai, Thailand to meet with importers, distributors and potential customers as well as touring local potato farm operations. “This mission will profile Alberta as a reliable producer of high quality, low virus seed potatoes,” says Rachel Luo, senior trade and relations officer, Alberta Agriculture and Forestry. “This will be the first market development mission focused on seed potato suppliers to Thailand since Alberta was granted market access last year.” To be eligible to participate in this mission, companies should be providers of seed potatoes and interested in the Thai marketplace. More

U.S. exports more frozen, dehydrated and fresh potatoes

Exports of frozen, dehydrated and fresh potatoes in July 2017 all showed gains compared to July 2016, according to Potatoes USA. The volume of frozen exports was up 1%, with the value up 3% to USD94m. The volume of exports of dehydrated potatoes was up 12% and the value up 12% to USD17m. Fresh potato export volume was up 51% with the value up 41% to USD33m. Exports of frozen potato products to Mexico and Japan continued their recent recovery and were up 11% and 10% respectively. Korea up 10%, Malaysia up 10% the Philippines up 13% all continued the strong growth from last marketing year. Fresh exports (both table-stock and chip-stock) had a lot of positive growth in July 2017 compared to 2016, with the largest fresh export market, Canada up 49%. More

First potato trading pool in Belgium opened

Based on this year’s harvest, the potato pool of RTL Patat has started, the first potato company to do so in Belgium. This season also shows that there’s a need for this way of trading. The sector is plagued by severe drought, but Remy Tanghe of RTL Patat expects the main harvest to be good. Late last year, potato company RTL Patat announced they were starting a potato pool. A potato pool is quite common in the Netherlands, but the company from West-Flanders is the first to start this in Belgium. “Normally, a grower wants to sell their product at as high a price as possible, and a buyer wants to buy it is cheaply as possibly. With the pool we want to look after the interests of our growers. It’s a different way of trading. The growers who have joined us are rewarded with a percentage of the payout price, with which we guarantee them we’ll do everything to achieve the highest possible price,” says Remy Tanghe. More

Spain: Potato prices below production cost

On Wednesday 27 September, potato prices in Leon were oscillating between 40 and 90 Euro per tonne, depending on the variety. This means that, compared to the previous campaign, the price has dropped by about 80%, since on 28 September 2016 it stood at an average of 300 Euro per tonne. Also, the current price can be considered to stand below the production costs, which are estimated to amount to approximately 100 Euro per tonne. This season, the province of Leon has planted 1,527 hectares, practically the same as in the previous campaign, when the acreage reached 1,600 hectares. Yields can be considered acceptable, with potatoes being one of the few crops that have mostly escaped the impact of drought. Current estimates point to about 50 tonnes per hectare. More

Rebound in UK potato sowings to end, says Produce Investments

The bounce in UK potato plantings looks poised to go into reverse, Produce Investments said, as it unveiled results showing a recovery in profits, and an appetite for further expanding from its core business in the root crop. Angus Armstrong, the Produce Investments chief executive, told Agrimoney.com that his “gut feeling” for UK potato sowings for the 2018 harvest was that they would “show a slight decline”. That would follow sowings growth of 4% in both 2016 and 2017. Average UK prices of non-contracted potatoes have fallen back below £100 a tonne, standing at £94.01 a tonne this week – down 49% year on year, according to the AHDB bureau. “Because of decent returns, the agricultural mentality is to put more crop into the ground,” Mr Armstrong said, although adding that Produce Investments – owner of the Greenvale packing business, one of UK’s big three potato suppliers – had not itself followed this trend in its cropping operations. More

Hungary: Crisis in the domestic potato sector

Related imageWhile retail customers in Hungary may be delighted by the prospect of cheaper potatoes, growers are not happy about the fact that purchasers are buying potatoes at a lower price than last year, writes the Hungarian Times. In addition, there is no reason for the drop in prices, as the volume going into warehouses has been notably reduced due to the heat and the quality is far from optimal. Hungarian potato producers are not in an easy position. The hot summer and lack of rainfall have taken a negative toll on the production, so many growers will close the season with significant losses in the yield. Gábor Kecskés, president of the Hungarian Potato Association and Product Board, told the Hungarian Times that this year, growers have had to face extreme weather conditions. The harvest is already underway, but the production going to the warehouses is much smaller than last year’s; many growers reported losses of up to fifty percent, according to the president. More

A new spud in town: Seed potato trade in a post-Brexit world

After Brexit, EU seed potato producers are set to increase their market share against UK producers. But how much EU producers will benefit depends on how quickly the UK can establish new trade deals. North-western Europe is an important region for providing seed potatoes to Middle-Eastern and African markets. EU members benefit from free-trade agreements that give preferential access to European seed potatoes entering countries such as Egypt and Morocco. Since the UK will no longer be part of the EU post-Brexit, it’s highly likely that the UK will not be able to trade under current EU trade agreements. If no new trade agreements have been agreed on before the UK leaves the EU, UK trade flows will fall under WTO rules. The standard WTO import tariff for seed potatoes is 4.5%, but import tariffs can be as high as Morocco’s 40% tariff on seed potato imports. More

Global trade in potatoes increasing, valued at more than 11 billion euro in 2016

According to a report published by FreshPlaza, the global trade in potatoes, including potato products, had a value of more than 11 billion euro in 2016. Globally, the Netherlands is the most important exporter, with an export value of 2.4 billion euro last year. Belgium is in second place with an export value of 1.9 billion euro in 2016. Regarding value, the frozen potato products rule the roost. And the global trade is still growing considerably in this year by year. In 2016, it was six billion euro. That was an increase of more than ten per cent compared to 2015. Regarding volume, the global trade in potato products also still shows growth each year – in 2016, 7.4 million tonnes were traded globally. The global trade in consumption potatoes is still growing as well, but seen over a period of ten years, the increase is levelling off. In 2016, 10.5 million tonnes of consumption potatoes were internationally traded. Compared to 2006, this is about 1.5 million tonnes more. The global trade in seed potatoes is also growing, although less. The Netherlands is a market leader with a share of about 60 per cent. Full report

Idaho potatoes bound for Japan

The Japanese government will allow the import of U.S. chipping potatoes from Idaho, marking the end of an 11-year ban on these shipments from the Pacific Northwest state, the U.S. Department of Agriculture (USDA) said in a statement. According to USDA figures, the United States already has a 98-percent share of the Japanese potato market, with exports of fresh and chilled potatoes increasing from $1 million in 2010 to $19 million in 2016. However, Japan stopped imports of Idaho chipping potatoes after detection of pale cyst nematode (PCN) in the southeastern part of the state in 2006. Since then, USDA’s Animal and Plant Health Inspection Service has worked with the Idaho State Department of Agriculture, as well as the nation’s potato industry, to demonstrate to the Japanese government the effectiveness of the PCN eradication program. Continue reading

No justification for China extending potato starch duties, says Starch Europe

© iStock/Goldfinch4everOn Friday (15 September), the Chinese Ministry of Commerce (MOFCOM) confirmed its final decision to extend anti-subsidy duties on exports of EU-manufactured potato starch for another five years. The policy notification published on the Ministry’s Chinese language website, confirmed duties ranging from 7.5% to 12.4%. These duties have been in place since 2010, a response to the EU potato starch support scheme which provided subsidies to manufacturers. However, this EU support scheme came to an end in July 2012 – according to trade association Starch Europe, which means the anti-subsidy duties are no longer warranted. The association, which represents the interests of 95% of European starch suppliers, said in a statement it was disappointed by the decision that fails to be supported by hard facts and figures and sound justification. More

UK: Potato markets dominated by contract trade

Potato markets are being dominated by contract trade with slow demand for free-buy supplies, according to Amber Cottingham, analyst at AHDB.Potatoes are currently in a ‘buyers’ market’, with buyers looking to keep prices as low as possible. She said: “They are not terrible, but are lower than they have been for the last couple of seasons when buyers have had to pay a lot more. “Where possible, they are really trying to keep the price as low as they can. It is a buyers’ market.” In England, contract trade continued to dominate the packing market, with minimal free-buy demand reported. Most trade in Scotland is also under contract with free-buy supply remaining limited. More

China extends anti-subsidy rights on imported potato starch from the EU

Image result for potato starchThe Chinese Ministry of Commerce has decided to extend the anti-subsidy duties levied on imported potato starch from the EU for five more years, starting on Saturday. Potato starch imported from the EU is subject to anti-subsidy rights ranging from 7.5% to 12.4%, based on the Ministry’s decision announced on 17 September 2011. The latest decision came after a review launched a year ago concluded that China’s potato starch industry could be harmed if anti-dumping duties were dropped. Potato starch is widely used in the food industry. According to the Ministry of Commerce, China’s potato starch needs increased from 330,000 tonnes in 2012 to 400,000 tonnes in 2015. (Report in French by CRI Online)

Is US Russet potato supply down across the country?

While local Washington potatoes seem to have settled into a crop-size similar to 2016’s, suspicions are across the country that the Russet potato supply is down somewhat. “We grow close to the same every year–we might switch it up between the colours–but we’re hearing that acreages across the country are down somewhat,” says Dale Hayton of Valley Pride Northwest Produce in Mount Vernon, Wa, who adds that the Washington market is starting about a week late this year thanks to a wet planting season. “Particularly the Russets—we’re hearing those acres are off a pretty significant number.” Russet potatoes are the highest volume item in the potato category. “But that tightening of supply really helps the other potatoes in the rest of the category,” says Hayton. Hayton thinks there are a few reasons to the smaller supply this year of Russets. More

Japan resumes Idaho potato imports for first time in 11 years

The Japanese government lifted on Tuesday an import ban on potatoes grown in Idaho, the largest U.S. potato producer, for the first time in 11 years after confirming a lowered risk of pest invasion, sources familiar with the matter said. Japan suspended imports of all potatoes grown in the United States in 2006 and later resumed imports of U.S. potatoes except those grown in Idaho, the origin of a pest. Most fresh potato imports are used for making potato chips and their demand has been on the rise lately. The government has apparently decided that the influence of imports on major potato producers in the country such as Hokkaido will be limited since the current amount of potato imports is considerably small compared with the domestic produce. More