Bélgica: Belgapom price rises
Belgapom reports a price of 200 euros/ton (excl. VAT) for the Fontane and Challenger varieties on 20 December. The price thus increases by 50 euros/ton (excl. VAT) compared to the price of 13 December.
Including VAT, the Belgapom quotation for both varieties is 212 euros per tonne. Last week, that price was 159 euros per tonne and 4 weeks ago, that price was 132.50 euros per tonne. A lower price is paid for potatoes that require extra treatment. The market sentiment for Fontane and Challenger is price-holding, with a supply that is less than or equal to demand.
Most used price
The Belgapom price for Fontane and Challenger is the most frequently used price observed on the previous working day(s) for processing into frozen potato products, field crop 35 mm+, suitable for fries, ex producer, loose on truck, for immediate delivery/collection.
The Belgapom price is determined by a committee with 5 representatives from the processing section and 5 representatives from the trade section of Belgapom.
Free market and contracts
The weekly Belgapom quotation for early potatoes (July-August), for Fontane and for Challenger (storage season) gives a clear indication of the evolution of the free potato market for the processing of potatoes into frozen fries.
In addition, growers, trade and processing increasingly use cultivation contracts, which aim at greater stability of the raw material price. The relationship between both instruments to buy and sell potatoes can differ from company to company.
Both components must be taken into account to monitor the evolution of the raw material price.
Fuente: landbouwleven.be
