Weekly Potato Report
Michigan Potato Industry Commission
January 28, 2015
The chip potato market is quiet. Companies are running almost exclusively on contract potatoes. Contracts seem to be cleaning up on schedule, though growers complain that movement is not as fast as they would like. Dealers report that the Super Bowl has not created the normal push that they are used to seeing at the end of January. However, eastern chip companies could be busy next week, as supermarkets seek to restock shelves that were cleaned up ahead of this week’s blizzard.
Neither chip companies nor growers appear to be in a rush to settle 2015 contracts for storage potatoes. A few companies have indicated that they intend to hold volumes and prices at 2014 levels, but no contracts have been signed. Given the wide spread in Florida contract pricing, we would expect that some companies will be pushing to cut contract prices for the coming years.
US fresh potato shipments for the week ending January 24, 2015 totaled 1.958 million cwt. That is up from 1.874 million cwt shipped cwt during the same period in 2014. Michigan shipments for the week ending January 24 totaled 53,200 cwt, up from 37,431 cwt during the same week last year. The Michigan shipments were 66.2% Russets, 24.6% Round White varieties, and 9.2% Yellow potatoes.
Michigan shippers are selling Size A Russets for $1.60-$1.80 per 10# bag, unchanged from a week ago. Wisconsin packers are selling baled 10# bags of size A Russets for mostly $6.50-$6.75 per bale, unchanged from last week at this time. They are selling 40-70 count cartons for mostly $12.00 per 50# box, up from $11.00-$12.00 a week ago. The weighted average shipping point price for Idaho Norkotahs is $13.72 per cwt, down from $13.82 a week ago.
Michigan shippers are selling Size A Round White potatoes for $1.60-$1.80 per 10# bag, unchanged from this time last week. Maine packers are selling baled 10/5# bags of 2” minimum Round White potatoes for mostly $8.00-$9.00 per bale, unchanged for the week. Long Island sales were shut down due to this week’s blizzard.
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