Economy US Potato Market sees an Increase in Prices and Decline in Volume

US Potato Market sees an Increase in Prices and Decline in Volume

Compared to the previous marketing year, in July 2020 – June 2021 interval, tuber sales increased in dollars by 3% but declined slightly in volume by 0.3% in three categories.

Even so, in comparison to sales recorded before the pandemic buying cycle, the July 2020 – June 2021 vending interval shows an increase in value and volume. The buyers acquired 577 million more pounds of potatoes from July 2020 – June 2021 than July 2018 – June 2019.

Actually, according to a report whose figures have been compiled by IRI, refrigerated potatoes had a significant increase compared to the same period the previous year of 10.6% growth in dollars and a 5.3% increase in volume.

Frozen potatoes kept a stronghold on sales, with dollar and volume sales increasing by 6.3% and 4.6%, respectively, even with an increase in overall average pricing, wrote the Potato USA’s expert, citing the IRI report.

Deli-prepared sides increased compared to the same period in 2019 and 2020 but have not returned to pre-pandemic levels. Chips and fresh potatoes – the most important volume driving categories -, increased in dollar sales but both fell in volume by 1.8%.

The decline in fresh product sales was largely impacted by a decline in russet sales, which fell by 3% in dollars and 3.4% in volume. Russets make up 60% of the volume share of fresh sales.

The second largest fresh category, red potatoes, also fell in dollars by 3.1% and volume by 1.9%. However, yellow potatoes increased by 9.7% and volume by 7%. Additionally, petite and medley potatoes increased by double-digits in value and volume.

One through four-pound bags of potatoes were the only pack sizes that grew with an 11.5% increase in dollars and a 7.4% increase in volume.

T.G. Lynn

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