Weekly Potato Report
Michigan Potato Industry Commission
There is NO new WPR for April 16, 2014, Check back next week for our new edition
April 9, 2014
Southwest Michigan growers are poised to plant the first of their 2014 potato crop this week. Planting will get under way 7-10 days later than usual. Cool, wet weather may slow emergence, even after the crop goes in the ground. This has been a pattern in other growing areas east of the Rocky Mountains since planting has gotten under way this year.
Chip companies continue to rely on contract potatoes for almost all of their raw product needs. More plants are shifting to new-crop potatoes, as the Florida harvest gains momentum. However, it appears that chip companies will be able to use all of the storage potatoes, as long as they will cook. Early crop development is running behind normal, and chip companies have reduced new-crop contract volumes for April and May.
Canada reports that it had 41.78 million cwt of potatoes in storage on April 1. That exceeded year-earlier holdings by 1.79 million cwt, a 4.5% increase. Ontario had 2.42 million cwt of potatoes in storage on April 1, 11.8% more than it held a year earlier. That included 1.74 million cwt of chip potatoes. The province's chip potato supplies exceeded year-earlier holdings by 251,000 cwt. Though Ontario's intended use data show a surge in March chip potato movement, April 1 stocks are record high. Even at March's accelerated usage pace, it would take through the first week of July to clean up Ontario's remaining chip potato supplies.
US fresh potato shipments for the week ending April 2 totaled 1.623 million cwt. That is down from 1.871 million cwt during the same period in 2013. Michigan shipments for the week ending April 2 totaled 39,138,50000 cwt. That is up from 37,700 cwt during the year-earlier week. Last week's Michigan shipments were 68.1% Russets, 30.9% Round White potatoes, and 1.0% Red potatoes.
Michigan dealers are selling Russet table potatoes in a range mostly $2.00-$2.25 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 from last week. Wisconsin 40-70 count cartons are selling for mostly $11.00-$12.00 per 50# box, also unchanged. USDA has discontinued reporting Idaho Norkotah prices for the season. However, the weighted average shipping point price for Idaho Russet Burbanks rose to $13.34 per cwt, from $13.10 per cwt at this time last week.
Maine packers are selling 5# bags of 2 inch minimum Round White potatoes for $9.50-$10.00 per 50# bale, unchanged from a week ago. Florida packers are selling new-crop Size A Round White potatoes for mostly $18.50-$18.75 per 50# bag, down from $23.50 last week at this time.
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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