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August 2, 2017 Market Report

North American Potato Market News  | Published on Wednesday, August 2, 2017

Market Report
August 2, 2017

Potato crops are in generally good condition across North America at this time. While we pick up concerns about production in some localized area, there is nothing out of the ordinary. Chip manufacturers are about a week behind on using contracts for summer potato crops. They came to the market for fill-in loads from Michigan last weekend, due to wet weather on the East Coast, but they are concentrating on cleaning up earlier contracts before the pull much volume out of Michigan. The start date for the Wisconsin chip potato harvest has been pushed back to August 14, because of the extra contract potatoes available from other areas. That will allow the potatoes to bulk up more, which is likely to add to storage supplies for the 2017 crop.

US fresh potato shipments for the week ending July 29, 2017 totaled 1.793 million cwt. That is down from 1.885 million cwt shipped cwt during the same period, in 2016.

Wisconsin packers are in between Russet crops. New-crop Russet supplies are extremely limited at this time, coming only from Texas, Kansas and Washington. Washington new-crop Russet consumer packs are selling at a $6.00 per cwt premium to Idaho storage potatoes, with large count cartons bringing a $5.00-$7.00 per cwt premium to Idaho potatoes, on an fob basis. The weighted average price for Idaho Russet Burbanks is $16.22 per cwt, up from $15.87 per cwt last week at the same time.

No Round White potato prices currently are being reported. USDA should start reporting Delaware prices later this week.