Weekly Potato Report
Michigan Potato Industry Commission
January 21, 2015
Chip companies continue to run primarily on contract potatoes. What few chip potatoes that are trading on the open market are selling for a slight discount to the contract price. Business is respectable for this time of the year, but demand is in a normal seasonal slump. The market is extremely quiet.
Reports indicate that north Florida contract volumes are down again this year, with contract prices settling in a wide range, between $10.40 and $12.00 per cwt. Dealers are expecting more stable volumes as contracts move northward, but stiff competition between chip companies, could result in volume shifts between companies. That is likely to add a degree of uncertainty in this year’s contracting process.
US fresh potato shipments for the week ending January 17, 2015 totaled 2.200 million cwt. That is up from 2.137 million cwt shipped cwt during the same period in 2014. Michigan shipments for the week ending January 17 totaled 48,600 cwt, down from 51,714 cwt during the same week last year. The Michigan shipments were 65.8% Russets, 27.6% Round White varieties, and 6.6% 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 $11.00-$12.00 per 50# box, up from $10.00-$11.00 a week ago. The weighted average shipping point price for Idaho Norkotahs is $13.82 per cwt, down from $13.89 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 shippers are selling 50# sacks of size A Round White potatoes for mostly $6.50-$7.00 per bag, unchanged for the week. Long Island Chefs are selling for $6.50-$7.00 per 50# bag, also unchanged for the 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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