Tuesday, 24 March 2020
- Free-buy price - The large price rise seen in the free-buy price in week ending 21st March is from a further increase in packing supplies required. This has more than offset the decrease in volume we have seen for supplies destined to food service.
- Average price - The rise in overall average price is mostly driven by the rise in free-buy prices. However, the supply still remains as primarily contracted material.
- Overall tonnage has remained relatively stable to the previous week (week ending 14th March). However, this means it is still 19% higher than the first week of March (week ending 7th).
- It is thought that retail orders may start to slow down a little in the coming weeks if shopping behaviour returns to normal.
- Currently the increase in retail demand is offsetting the decline in food service so if shopper behaviour does return to "normal" an overall drop in tonnage requirement could be likely.
#Coronavirus market update: Retail boost compensates for food service drop off as total volume remains steady. Watch the video for a brief update. More on markets: https://t.co/I6k6w3rrZh More on planting: https://t.co/rQFIjhHba9 pic.twitter.com/Ii2g8psMSq— AHDB Potatoes (@AHDB_Potatoes) March 26, 2020
The AHDB Weekly Average Price Survey (WAPS) is a survey which produces indicators of the week on week direction of ex-farm prices, collected via a sample of purchasing companies, including grower groups. The GB Weekly Average Price is the average of free-buy and contract purchases bought direct from growers in the past week across all market sectors. The GB Weekly Average Free-buy Price is the average of only free-buy purchases bought direct from growers in the past week across all market sectors. The GB Weekly Average Price includes both free-buy and contract purchases.
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