UPDATE: POTATOES – DEMAND CONTINUES TO EXCEED SUPPLY

August 1, 2022

Remaining Idaho storage supplies are nearly depleted. Very few Idaho sheds have potatoes left to ship. Prices continue to increase, setting new all-time highs each day.

Remaining Storage Stocks

  • The strength of current demand is overwhelming all sheds with remaining volume
  • Idaho suppliers will struggle to cover regular orders for the next few weeks
  • To extend storage stocks as long as possible, suppliers have shortened daily production schedules, further limiting the overall amount of potatoes available to ship
  • Size substitutions will be required for order fulfillment
  • Many requested ship dates will need to be adjusted
  • 40- to 80-count stocks remain extremely limited; 90- through 120-count supplies continue to tighten as well
  • Remaining supply exceeds demand in Colorado; storage stocks are nearly depleted
  • The Texas, Washington, and Wisconsin seasons have concluded

New Crop Potatoes

  • New crop production has begun in Washington; early volume is low
  • Idaho harvesting will start in a very limited manner the week of August 8; the bulk of production will not get underway until the week of August 22
  • Idaho and Washington growers anticipate early season yields to be dominated by 70- to 90-count potatoes
    • Size profile is not expected to increase until late August
    • U.S. No. 2 production will be limited until potatoes are shipped out of storage, as supplies look their best straight out of the field
  • Colorado and Wisconsin production will begin in late August
  • Texas potatoes are forecast to ship the week of August 15
  • Expect elevated markets to persist until early September

Please contact your Markon customer service representative for more information.

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