Weekly Potato Report

Michigan Potato Industry Commission
April 22, 2015

The Florida chip potato harvest is advancing. Harvest is just getting under way in north Florida. Central Florida growers have about 10 more days of digging left. Shipments are running ahead of last year’s movement for both Florida and Texas. Storage crops are holding up well. Some 2015 storage chip potato contracts have not yet been settled.

The 13 states that report potato stocks had 129.55 million cwt of potatoes in storage on April 1. That is 10.50 million cwt more than those states held at the same time in 2014. The western states held 98.70 million cwt of potatoes (up 8.50 million cwt). The central states had 24.85 million cwt of potatoes in storage on April 1 (up 1.05 million cwt). Eastern stocks totaled 6.00 million cwt (up 950,000 cwt). Four states (California, Michigan, Minnesota, and New York) reported lower stocks on April 1 than they held at the same time in 2014. The remaining 9 states reported stocks increases.

Michigan had 1.65 million cwt of potatoes remaining in storage on April 1. That is 450,000 cwt less than the state had in storage a year earlier, a 21.4% reduction. The state’s stocks are at their lowest level for this time of the year since 2012. Nevertheless, some chip companies are expected to continue running on Michigan potatoes into the first week of June.

US fresh potato shipments for the week ending April 18, 2015 totaled 1.928 million cwt. That is down from 1.965 million cwt shipped cwt during the same period, in 2014. Michigan shipments for the week ending April 18 totaled 41,450 cwt, down from 44,300 cwt during the same week last year. The Michigan shipments were 64.5% Russets, 30.6% Round White varieties, 3.9% Yellow potatoes and 1.0% Red potatoes.

Michigan shippers are selling Size A Russets for $1.50-$1.70 per 10# bag, unchanged from last week at this time. Wisconsin packers are selling baled 10# bags of size A Russets for mostly $5.00-$6.00 per bale, down from $5.50-$6.00 a week ago. They are selling 40-70 count cartons for mostly $14.00-$15.00 per 50# box, unchanged from last week. The weighted average shipping point price for Idaho Norkotahs is $11.78 per cwt, down from $12.48 per cwt a week ago.

Michigan shippers are selling Size A Round White potatoes for $1.50-$1.65 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 $7.50-$8.00 per bale, unchanged for the week. New-crop Florida Size A Round White are selling for mostly $$16.75 per 50# sack, down from 18.50-$18.75 at this time last week.

This Weekly Potato Report includes current Michigan grower issues, in depth market news, and other time sensitive information. This report contains market sensitive information and your candor in using this information is appreciated.  Your comments and suggestions are vital to improving this report and other services.

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info@mipotato.com. For the MPIC gateway web page, go to http://mipotato.comThe WPR is updated weekly on Wednesday afternoon.