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High level of potato stocks
Belgium
Wednesday 28 February 2018
FJ
Stocks are abundant in the NEPG countries (Germany, Belgium, France, Great Britain, the Netherlands).
All recent surveys of stock levels in the NEPG (North-Western European Potato Growers) countries show larger stocks of potatoes than the levels observed last year or on average over several years.
Yields were 11% higher in 2017 and the area was up 6%. Currently, potato stocks and the supply/demand imbalance have a negative impact on market prices, despite the 15% increase in industrial demand over the last 5 years.
Given the current market environment, the contract price reductions on the industry for 2018/2019 were expected, which is confirmed by the NEPG representatives, who note, in most of the situations, decreases from 5 to 10% depending on the delivery period, the variety, and the buyer.
source : nepg, producteursdepommesdeterre org
