Potato prices plunge

Potato prices dropped sharply last week, as growers tried to clear their stores of old crop amid slow buying demand.

The British Potato Council’s weekly free-buy price fell by almost £25, to £155/t, sparked by a combination of the early switchover to new-crop supplies and slow demand for old crop stores.

“There’s very little demand from buyers on the free market because they’ve already bought up their requirements on contract,” said Rob Burrow, market information manager at the BPC.

“The new crop season is also two weeks ahead so demand has switched away from old crop supplies.”

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