Inside Potatoes
What does Belgapom do with the Bintje listing?
Due to the large differences in quality of French fries potatoes of the Bintje variety, PCA/Fiwap and the French RNM have split their quotation for this variety. The question now arises whether Belgapom will also do this.
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Choose the subscription that suits youThe Belgapom organization is not considering changing their long-standing approach and working method. "The pressure for this has arisen due to the temporary market conditions," the organization said. In the past, the quotation has sometimes been split, but this was to reflect the difference between lots from the field and dry from the barn. This only applies during harvest time.
Belgapom does state in its listing that: "A different price is paid for different quality." This applies to both better and worse quality.
According to the organization, the difference with, for example, PCA/Fiwap lies in the fact that this quotation represents a price range, with a minimum and maximum price. No volumes are stated. The 2 quotes for Bintje indicate this 'fork'.
Consequences for cash settlement
Insiders are concerned with the listing of Belgapom, because it is part of the cash settlement (1/16). They are of the opinion that a quotation for unsuitable French fries potatoes unfairly detracts from the cash settlement down pulls.
Since Bintje is experiencing problems this year, such as glass potatoes due to overgrowth, the price is very low (compared to the other chip varieties). Due to these problems, there is a compelling offer from Bintje.
Bintje suitable for chips, with a minimum underwater weight of 335 grams and a maximum of 15% floats, notes PCA has a price range of €18 to €25 per 100 kilos. However, the supply of this is nil. The Bintjes that are not suitable for fries cost €10 to €15 per 100 kilos. At the RNM in France the price difference between the two quotations is €16 to €23 per 100 kilos.