BusinessMarkets & PricingFrench Fry Stocks Down 7.2 Per cent From 2020

French Fry Stocks Down 7.2 Per cent From 2020

-

North American stocks of french fries and other frozen potato products are down 7.2 per cent from 2020 as of Sept. 30, the Oct. 28 issue of the North American Potato Market News (NAPM) says.

The report notes freezer stocks increased by 1.2 million lbs during September, however the five-year average for September is 36.3 million lbs.

“This year’s minimal buildup during harvest highlights the raw product supply and labour challenges facing the frozen product sector,” the report says.

NAPM says the Sept. 30 freezer stocks equal a 30.3 day inventory based on current data about usage rates — this is the lowest on record for this time of year. If October buildup and November/December usage is average, it would leave the industry with a 28.5 day inventory. The report notes this would be the lowest year-end supply, relative to usage, on record.

Processing Supply Issues

Processors in North America are facing major raw product supply issues for the remainder of the 2021/22 processing season, the report notes.

“If finished product demand remains strong fryers will need to find large volumes of open raw potatoes to keep their customers supplied until the 2022 harvest gets underway.”

There is limited raw product supplies and reduced finished product recovery rates in key processing states which has exacerbated the problem, NAPM says. Logistical issues are also making it difficult and costly to transport excess potatoes from the east to processing plants in the west.

Additionally in Idaho, growers shifted from growing Russet Burbank to Russet Norkotah potatoes which is limiting the supply of open market potatoes. The report notes table potato growers in Idaho have switched from Burbanks to Norkotahs over the last 30 years.

“The supply of open Russet Burbank potatoes available to the processing market has essentially been cut in half by this shift. As a result, fryers have been sampling and purchasing Russet Norkotah potatoes in an attempt to fill this year’s raw product supply gap.”

Related Articles

Canadian Potato Farmers Wrap Up Harvest with Excellent Conditions

U.S. Potato Crop Forecast Down 2.6 Per cent

Global French Fry Trade Above Pre-Pandemic Levels

Trending This Week

Unwashed raw fresh potatoes

THIS is the Year I Can Put the Most Dollars in Potato Growers’ Pockets

If I were a potato, this is not the year I’d have chosen to grow. First, spuds grown across nearly all of the western half...
Tubers infected with potato wart

P.E.I. Potato Wart Discovery Sees All U.S. Potato Exports Halted

0
After potato wart was found in P.E.I. this year, all potato exports from the Island to the U.S. have been temporarily halted by the...
Canola

Are Cover Crops an Answer to Mitigating Climate Change?

0
There is a lot of talk about climate change. Many people point to agriculture as one of the potential sources to the answer of...
French fries

North American French Fry Exports Jump 32.5 Per cent

0
French fry processors in North American exported 32.5 per cent more french fries and other frozen potato products to offshore markets during the third...
Potato plants growing in a field

European Potato Growers Harvest Good Potato Crop

0
Despite a wet summer with slow and difficult harvesting conditions potato growers in Europe were able to harvest a good potato crop, but increased...