Weekly Potato Report
Michigan Potato Industry Commission
December 2, 2013
Chipstock markets are extremely quiet during this holiday-shortened week. Plants are taking down time for the holiday. Some dealers are concerned that the limited time between Christmas and Thanksgiving will mess up logistics, and slow overall demand for potatoes.
Canada reports that it produced 102.7 million cwt of potatoes this year. That is up 2.6% from 2012 production. Growers planted 4.5% fewer acres this year, but the country's average yield jumped to a record 292 cwt per acre, from 273 cwt in 2012. Ontario's crop increased by 12.4%, to 12.02 million cwt. Ontario's November 1 chip potato inventories are up 13.5% from last year, at 3.84 million cwt. Open chipstock movement to the US will be limited this year, but that could reduce demand for imports of early-season chip potatoes in 2014.
or the week ending November 23, US fresh potato shipments totaled 2.380 million cwt. That is up from 1.648 million cwt during the same period in 2012 (Last year's comparable week included Thanksgiving). During the week ended November 23, Michigan fresh potato shipments totaled 93,700 cwt. That is up from 50,800 cwt a year earlier. This year's Michigan shipments were 84.9% Russets and 15.1% Round White potatoes.
Michigan dealers are selling Russet table potatoes in a wide range, between $1.75-$2.35 per 10# bag, unchanged from last week at this time. Wisconsin shippers are selling baled 10# Russets for mostly $8.00 per 50# bale, unchanged for the week. Wisconsin 40-70 count cartons are selling for mostly $11.00-$13.00 per 50# box, also unchanged for the week. The weighted average shipping point price for Idaho Norkotahs dropped to $14.14 per cwt, from $14.50 a week ago.
Michigan shippers are selling Round White potatoes in a wide range, from $1.70-$2.20 per 10# bag, unchanged for the week. Long Island packers are selling size A Round White potatoes for mostly $8.50-$9.00 per 50# bag, unchanged from last week at this time. Long Island chefs are selling for mostly $9.50-$10.00 per 50# bag, also unchanged for the week. Maine packers are selling 5# bags of 2 inch minimum Round White potatoes for $9.00-$9.50 per 50# bale, unchanged for the week.
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