With another bank holiday weekend coming up, demand for stock destined for the food service sector is buoyant. Plantings continue this week particularly in the north east, with great ground conditions.
Spiralling input costs will lead to less planting of potatoes this year. The margin for growing potatoes has always been tight, but the upcoming season will not be viable if growers don’t get price increases.
Across Europe, futures prices are slightly off but broadly unchanged this week. Planting is proceeding well, with maincrop progress put at 25 to 50% across mainland Northern Europe. Buyers for the main processors are active in the market and particularly for delivery in May, June and July.
In the UK, sales are “ticking over” but stocks have been slow to clear after the holiday period in some areas. Sellers with poorer quality samples are now pushing harder to clear stocks and some lower values have been taken to obtain movement.
Source: ifa.ie