Weekly Potato Report
Michigan Potato Industry Commission
February 25, 2015
Michigan shippers have been able to fill all chip potato orders in spite of the cold weather. However, the weather may be taking a toll on demand for potato chips. Movement is slow, but that is normal for this time of the year. Markets are quiet. Chip companies are relying on contracts for virtually all of their raw product. The central Florida crop appears to have dodged any material damage from last week’s cold weather. North Florida crop development may have been set back 7-10 days by the Friday morning freeze. Michigan chip potato shipments for the week ending February 21 totaled 220,000 cwt. That exceeds year-earlier movement by 2,000 cwt. Season-to-date shipments for the state total 8.426 million cwt, down 30,000 cwt from the same time last year.
US fresh potato shipments for the week ending February 21, 2015 totaled 1.829 million cwt. That is down from 1.871 million cwt shipped cwt during the same period, in 2014. Michigan shipments for the week ending February 21 totaled 48,280 cwt, up from 33,200 cwt during the same week last year. The Michigan shipments were 66.3% Russets, 27.5% Round White varieties, and 6.2% 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 $5.75-$6.50 per bale, unchanged from last week at this time. They are selling 40-70 count cartons for mostly $12.00 per 50# box, unchanged for the week. The weighted average shipping point price for Idaho Norkotahs is $12.25 per cwt, unchanged for the week.
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. New-crop Florida Size A Round White are selling for $25.50-$25.75 per 50# sack, down from $$27.50-$28.75 a week ago.
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