Wednesday, June 26, 2013

Commodities Buzz: UK Potato Plantings Slump To One-Decade Low

UK farmers have reduced potato plantings to their lowest in at least a decade, diverting from a general trend in Europe. Potato plantings in Britain stand at 121,200 hectares, down marginally compared to the last year though it would be the smallest area since at least 2003, and represents the fifth drop in plantings in the last six years, the AHDB crop bureau said in its first forecast for the 2013 crop.

It also bucks the trend of a rise of some 3-4% estimated for Europe's big northwestern potato growing countries as a whole, after poor harvests last year in many regions, which have curtailed supplies and underpinned prices.

In France, where processing potatoes rose more than seven-fold in the year to the end of May, potato inventories were, at the close of April, down 35% year on year, according to industry data.

Source by Commodity Insights

No comments:

Post a Comment