Potato futures rocket in wet weather

By FWi staff

POTATO futures escalated last week as the effects of the weather on lifting conditions begin to take their toll.

April contracts saw big increases to 115/t in London and 48.90/t in Amsterdam at Fridays close, an increase of 33 and 9.96 on the week respectively, reports the British Potato Council.

“Physical markets offered less response but there were around 10/t increases for quality material,” said the BPCs Rob Burrow.

In East Anglia and Lincolnshire bulk whites are fetching 80-140/t, reds 95-150/t. Grade 2 samples are from 45/t.

Bags are mostly 125-130/t, up to 160/t for best Edward and Maris Piper.

Bulk whites in the south and Wales are 90-125/t up to 145/t for best Maris Piper.

Average whites are lower at 60-85/t. Bagged whites are mostly 80-90/t, reds 85-110/t.

Lifting conditions in the Midlands are strengthening prices with bulk whites mainly 90-130/t, reds 90-140/t.

Grade 2 samples are 60-80/t. Bags are 80-100/t, up to 120/t for Maris Piper.

In the north, bulk whites are mostly 60-80/t, up to 100/t for Cara. Reds are fetching 90-120/t.

Bagged whites are worth 90-100/t for best up to 120/t for best Maris Piper.

In Scotland bulk whites are mostly 70-105/t, up to 130/t for Edward and Desiree. Bagged whites are mostly 65-80/t.

The BPC weekly GB ex-farm average price rose for the first time this season by 4.32 to 89.48/t (ex bags), compared with 60.68 in 1999.

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