More
    BusinessMarkets & PricingProcessing Contract Prices Down

    Processing Contract Prices Down

    -

    Lamb Weston has given its final offer to Washington potato growers for the 2021 processing crop with contract prices cut by three per cent compared to last year, the March 10 issue of North American Potato Market News (NAPM) says.

    Prices vary for varieties and delivery times though. The offer includes substantial price cuts for early Shepody delivery, as well as a five per cent reduction for storage Clearwater potatoes, while price cuts for Rangers were nominal, the report notes.

    “Lamb indicated that it would offer annual contract growers 95 per cent of their 2019 contract volume. However, some growers turned back a portion of their contract volume due to logistical and cost considerations. Therefore, some growers are being offered 2019 contract volumes, or more.”

    Lamb Weston has already settled processing contracts with Idaho potato growers. NAPM doesn’t have exact details on the contracts but has heard it involves similar cuts.

    “After the settlement, Lamb Weston purchased at least one million cwt of Idaho potatoes from the 2020 crop. More purchases are possible. Some of the potatoes may be shipped out of state, to keep Lamb’s plants supplied until the 2021 crop is ready,” the report says.

    Trending This Week

    Potato field at Borden-Carleton, P.E.I.

    The P.E.I. Potato Industry is Edging Back to Normal

    0
    After a year of upheaval following a potato wart discovery, P.E.I. has worked hard to regain their spud status. More than a year after potato...
    Centre pivot in P.E.I.

    P.E.I. Potato Board Calls on Feds to Listen to International Experts Report

    0
    The Prince Edward Island Potato Board is calling on the federal government to listen to the findings from an international panel of experts who...
    Manitoba Potato Production Days 2023 stage

    MPPD Celebrates 50 Years of Potato Memories

    0
    Manitoba Potato Production Days (MPPD) kicked off its 50th anniversary celebration with an opening night reception followed by a full day of presentations, demonstrations...
    Freshly emerged potato field

    Fortified Stimulate Yield Enhancer’s (aka Stimulate) Offers 40.4 cwt/acre Marketable Yield and Consistent Benefits

    Drumroll please…. The results are in from this year’s trials and – at a whopping 12.6 to 1 (!!) return on investment – Stimulate’s results...
    Potato field being sprayed

    PMRA Potato Products Review Refresher

    0
    With the PMRA having reviewed numerous potato products, it’s important to keep track of what you can and can’t use anymore. Over the past few...