Inside: Potato Market
Insufficient rain for mood swing on TM
The potato futures market is holding up well and can even be labeled as "fixed". Today the market closed at 15,10 euros with a turnover of 53 contracts.
Would you like to continue reading this article?
Become a subscriber and get instant access
Choose the subscription that suits youWith the arrival of the rain, many had expected a declining market. However, that decline does not seem to be happening yet. The rain that has fallen in the various potato growing areas of Western Europe is described as insufficient by many growers. With precipitation of 5 to 15 millimeters, this cannot yet be found in the potato ridges.
Photo: Twitter (@Markversluis2)
Concerns about the development of the crops are therefore slowly increasing. The potato needs very little moisture at the beginning of the season, but now that the crucial stage of tuber formation has begun, sufficient moisture is very desirable. A variety like Innovator must develop its foliage at this stage of the growing season and shows a very limited number of tubers under dry conditions.
Belgium and northern France
Especially in Belgium and Northern France, the precipitation is not sufficient and the weather forecast still does not indicate large quantities of water. The tension therefore increases. This is translated into a futures market that maintains good prices above 15,00 euros.
