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August 23, 2017 Market Report

North American Potato Market News  | Published on Wednesday, August 23, 2017

Chip potato markets are extremely quiet. Growers and dealers are complaining that movement is not keeping up with expectations. That says more about the size of this year’s crop than it says about demand for potato chips. Supplies appear to be plentiful. 

Reports from Canada indicate that Ontario’s potato crop will be much larger than the 2016 crop, though there have been enough problems to keep yields from matching the previous record. Crop development is behind normal in both Ontario and Quebec, which is pushing back vine kill and harvest dates, but is not expected to have a major impact on yields. Ontario imported a lot of potatoes during July, because of the harvest delays.
U
S fresh potato shipments for the week ending August 19, 2017 totaled 1.914 million cwt. That is up from 1.755 million cwt shipped cwt during the same period, in 2016. There are no Michigan shipments reported for last week, though we understand that light shipments are under way. A year ago, Michigan shipped 21,824 cwt of potatoes during the corresponding week.

Wisconsin packers are selling 5/10# Russet potatoes for $8.00-$8.50 per 50# bale, unchanged from last week at this time.  Wisconsin 40-70 count cartons are selling for $19.00-$21.00 per box, down from $$20.00-$21.50 per box a week ago. The weighted average price for Idaho Norkotahs $24.16 per cwt, up from $23.97 per cwt last week at the same time.

Delaware packers are selling size A Round White potatoes for $9.75 per 50# bag, unchanged for the week. We note that this year Delaware is reporting prices for size B White potatoes, rather than reporting prices for Chefs, which suggests that the state’s crop has a small size profile.