Information for fruit and vegetables business in CIS
Poland: potato prices up thanks to higher demand
According to EastFruit analysts, potato trading rates have recently grown in Poland, and, under conditions of growing demand, domestic farmers make attempts to raise their prices.
Lack of the supply of potatoes and increased demand for them have stimulated the price growth. Now growers offer their produce at $0.24-0.29 /kg, a week-on-week increase of 9%.
Market players link a rise in potato prices with both more active export shipments to Romania, the Czech Republic and Hungary, and active sales rates in the domestic market. As a result, farmers were revising their prices on a day-on-day basis.
It is also worth mentioning that current potato prices are averagely 3 times as high as in the same period of the previous season. In addition, many market participants do not expect trading activity to fall in the nearest time. Moreover, many farmers plan to continue to revise their prices upward in view of rather active demand for high-quality potatoes.