Futures market reaches highest point in 3 months

The driving force behind the increase is the difficult harvest season. The latest forecasts regarding harvest progress show that a lot still needs to be done to get the potatoes behind the shelves. According to historical figures, the harvest is even less advanced than in the 'horror year' 1998. In that year, 30% of the potato harvest was left behind due to early frost in the first half of November.

'Need another 20 days'
The harvest on clay soils was cautiously resumed in a number of cultivation areas on October 23, although it is going slowly and with difficulty. Growers report that they still need at least 20 harvestable days to harvest everything. The futures market reacts nervously to this. With a turnover of 164 contracts, there is clearly a desire to buy among the participating parties.

Because the physical market is also rising, as a result of the stagnant supply of raw materials (see this week's PotatoNL quotation), the effect (the increase in the futures market) is further reinforced.