Hope through revival of potato market

The undertone is helped by the later spring and further delays in some early areas due to heavy rainfall this week. More than half of the early potatoes are now in the ground. This is especially the case in the German states of Phalz and Lower Saxony, where table potatoes are the most dominant in early cultivation.

Delay
In the Rhineland, where early chip potatoes are mainly grown, the percentage planted is still less than 50%. There are also delays in planting potatoes in Belgium and France. The early potatoes that will be planted next week would become available at the end of July based on a 100-day growing season.

England is also dealing with a late spring, which gives rise to hope that the English will come to the market before the end of the season. Now there is some cautious demand from England for potato chips in France.

Increasing opportunities
The chances for the end of the season seem to be increasing now that the June listing in particular has taken off. With a premium between the April and June listing of €3,8 and with only a 5-week later settlement, the custody premium appears to have reached a record.

Also in the physical market, a considerable premium is paid for potatoes that are stored for a long time. The PAT (Platform Potato Transactions) list contains transactions of €7 for Innovator on delivery in May. Something that is actually equivalent to the June listing. In the day market, trading takes place between €4 and €6.

The anchor in the market is Bintje with a quotation of €2 in both Belgium and France. Whether there is actually trade for this and whether these fries are suitable is not clear from a call in the market.