Potato Weekly - 11 December 2020

Friday, 11 December 2020

At a glance

  • In the run up to Christmas, free-buy trade is said to be lacking the festive boost, with demand met mostly on contract so far.
  • For some areas in lower tiers, free-buy demand has reportedly picked up for pubs and restaurants back open.
  • Anecdotal reports of storage issues emerged this week, posing further concern for potatoes lifted wet quite early on.
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Megan Hesketh

Analyst

Market Commentary

Packing

  • Free-buy trade for packing is described as ‘stop/start’ this week, with demand fulfilled primarily on contract.
  • Retailers seem to be preparing for Christmas demand next week. However, uncertainty still surrounds what consumer demand will look like this year for a Christmas in ‘social bubbles’.
England

Scotland

Bags

  • Free-buy demand remains slow this week, despite moving towards Christmas.
    • For some areas experiencing reduced restrictions in tier 1 and 2, there has been some pickup in free-buy demand, but still lacking from last year.
    East

    West

    South

    Processing

    • Despite the foodservice sector still being reasonably quiet, some reports of peeling and prepping trade have been up this week.
    • Nonetheless in comparison to previous year’s at Christmas time, free-buy demand falls short and a high proportion of requirement is being fulfilled on contract.

    Exports

    • With the end of the transitionary EU exit period nearly upon us, exports have reportedly ramped up in preparation for reduced access to markets come 1 January 2021.
    • Reports detail exports heading to Ireland, Belgium, and the Canary Islands this week.
    • Supplies of King Edwards are anecdotally said to be tightening this week, but due to insufficient quotes, we are unable to publish a King Edward’s price.


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