Chip potato markets are quiet ahead of the Thanksgiving
holiday. Movement is steady. Most chip companies are taking contract potatoes
on schedule, but growers would like to see movement pick up. At the current
pace, it will take until mid-June to use the available storage supplies, if
they ever clean up. So far, the weather has cooperated, but growers will want
to clear temporary storages as quickly as possible.
potato production increased by 4.2 million cwt this year, to 104.8 million cwt.
Most of the extra potatoes are targeted for frozen processing. Ontario’s crop
actually fell 255,000 short of 2014 production, to 7.97 million cwt. That
probably includes a reduction in the province’s chip potato crop. However, chip
potato production increased in Quebec and New Brunswick. The large supply of
chip potatoes in the US probably will limit sales of open chip potatoes into
the US market. Therefore, we suspect that Canadian chip plants will need to
import even fewer new-crop potatoes in 2016 than they did this year.
potato shipments for the week ending November 21, 2015 totaled 2.604 million
cwt. That is up from 2.583 million cwt shipped cwt during the same period, in
2014. Michigan shipments for the week ending November 21, totaled 75,855 cwt, up
from 75,090 cwt during the same week in 2014. The Michigan shipments 76.3% Russets,
19.5% Round White potatoes, 3.6% Yellow varieties, and 0.7% fingerlings.
A Russets are selling for $1.60-$1.95 per 10 lb bag, unchanged from last week
at this time. Wisconsin packers are selling Size A Russets in 10# film bags for
mostly $6.00-$6.50 per 50# bale, unchanged from this time last week. They are
selling 40-70 count cartons for mostly $9.00 per 50# box, also unchanged for
the week. The weighted average shipping point price for Idaho Norkotahs is $12.24
per cwt, down from $12.63 per cwt a week ago.
USDA reports that Michigan size A
Round White potatoes are selling for mostly $1.60-$1.70 per 10# bag, unchanged
from last week. Maine 2 inch minimum Round White potatoes are selling for
$7.00-$7.50 per 10/5# bale, unchanged for the week. Long Island shippers are
selling baled 5# size A Round White potatoes for mostly $8.00-$8.50 per 50#
bale, also unchanged from 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.