Weekly Potato Report
Michigan Potato Industry Commission
March 5, 2014
Chip potato markets remain quiet. Plants are running primarily on contract potatoes. USDA is reporting the first movement of Florida new crop chip potatoes. That appears to be potatoes grown for a local chip plant. Movement to plants outside of Florida is not expected before the first week of April.
USDA puts February chip potato movement at 4.226 million cwt. That is up 389,000 cwt from year-earlier shipments, a 9.2% increase. During that period, Michigan shipments totaled 1.038 million cwt. That is up from 946,000 cwt in February, 2013. The 9.7% increase in Michigan's movement was dwarfed by a 37.6% increase in shipments from Wisconsin. Shipments from the Red River Valley, Maine, and Pennsylvania fell short of last year's pace.
US fresh potato shipments for the week ending March 1 totaled 1.864 million cwt. That is down from 1.878 million cwt during the same period in 2013. Michigan shipments for the week ending March 1 totaled 30,800 cwt. That is down from 33,500 cwt during the year-earlier week. Last week's Michigan shipments were 52.6% Russets, 44.8% Round White potatoes, 1.3% Red potatoes and 1.3% Yellow potatoes.
Michigan dealers are selling Russet table potatoes in a range between $1.85-$2.25 per 10# bag. That is unchanged from last week at this time. Wisconsin shippers are selling baled 10# Russets for mostly $8.00 per 50# bale, unchanged from last week. Wisconsin 40-70 count cartons are selling for mostly $11.00-$12.00 per 50# box, also unchanged. The weighted average shipping point price for Idaho Norkotahs dropped to $13.04 per cwt, from $14.04 per cwt at this time last week.
Michigan shippers are selling Round White potatoes in a range, from $1.90-$2.20 per 10# bag, unchanged from this time last week. Maine packers are selling 5# bags of 2 inch minimum Round White potatoes for $9.00-$9.50 per 50# bale, unchanged from this time last week. Florida packers are selling new-crop Size A Round White potatoes for mostly $27.50 per 50# bag, unchanged from last week at this time.
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