Potato Weekly - 16 October 2020

Friday, 16 October 2020

At a glance

  • The onset of harsher Covid-19 restrictions and concerns over a second lockdown is reportedly depressing demand this week for both the bags and processing sectors.
  • With weather turning drier across the UK, lifting in many areas has resumed this week in a race to beat any early frost; issues with wetness remain in the West and South, but quality and yields are reportedly good.
  • As there has reportedly been slow free-buy demand this week, combined with a depressed market, more and more potatoes are being lifted straight into storage.
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Megan Hesketh

Trainee Analyst

Market commentary

Packing

  • Free-buy trade is reported to have been flagging from falling confidence and an overall shaded outlook for future demand as food service slows.
  • Anecdotally, we hear Maris Piper are still achieving a premium; however, due to insufficient quotes, we are unfortunately unable to publish a price.

 

Bags

  • Demand has severely dropped this week on the back of uncertainty surrounding possible increasing restrictions and the reluctance of outlets to forward buy.
  • Volumes traded remain low, with price variations due to quality and variety.
  • Premiums are visible for some high value varieties where samples are bold and frying well.

 

Processing

  • Free-buy demand for processing has been reportedly steady this week, with some areas seeing a small increase in volume traded but generally slow demand for processing and specifically crisping.

 

Exports

  • Export trade to the Canary Islands is flagging this week, with demand both slow and sporadic.
  • Insufficient quotes for King Edwards this week have meant that unfortunately a price could not be published.

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