Last week there was interest on the potato market in june contracts. Their quotations varied from 8.20 euros to 9.10. A signal that the cards have not yet been shuffled.
Last week, the potato futures market for April contracts tended sideways in a very narrow bandwidth of between € 6.10 and € 6.40. Last week there was especially more interest in june contracts with trading prices of between 8.20 euros and 9.10 euros. This with an increasing open position. The European Processing Potato Index was unchanged last week at 3.10 euros. The expected value of june contracts is 6.00 euros. With this, the market sends a signal that the cards have not yet been shuffled.
Manufacturing industry
The processing industry buys contracts and is largely aloof from the free market. Occasionally, some parties are sold by the trade with prices of around 3.50 euros. Last week, tenders were again issued for delivery at the beginning of May at 7.00 euros, rising to mid-June at 9.00 euros. Feed and starch continue to support the bottom of the market for the rejected potatoes. However, it remains very bitter when contract potatoes are rejected with feed or starch as the only alternative.
Export
Exports to Africa, Asia and the Caribbean continue to keep up with prices. PotatoNL quoted 5.00 euros to 6.50 euros last week.
