Potatoes: 14/03/2017

Wholesale ex-farm potato prices reported to the IFA

Comment: The potato market has remained steady over the past week. Prices continue to inch upwards, with the wholesale market providing some positive increases. There has been virtually no planting over the past five weeks in any region. The early plantings are shaping up similar to last year, where there was little progress until after St Patrick’s Day. Growers need to be cognisant of this, as it could result in crops maturing en masse again this year, with a risk of a shortened selling season for earlies. Planting will commence in earnest as soon as the weather settles, but growers must reduce plantings and learn from last year’s lessons. The UK market remains robust, with the latest stock survey showing figures similar to last year, despite the 4% increase in plantings in 2016. With lower stock figures in Europe also, the outlook remains positive for potato stocks in store.