Bélgica: Belgapom price remains unchanged
Belgapom reports on January 24 a price of 250 euros/ton (excluding VAT) for the Fontane and Challenger varieties. That is the same price as last week.
Including VAT, the Belgapom quotation for both varieties is 265 euros per tonne. The market mood is steady, with supply being lower than demand.
Most frequently 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 chips, ex producer, loose on truck, for immediate delivery/collection.
The Belgapom price is set by a committee with 5 representatives from the processing section and 4 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 processing potatoes into frozen chips.
In addition, growers, trade and processing are increasingly using cultivation contracts, which aim to achieve greater stability of the raw material price. The ratio between both instruments to buy and sell potatoes can vary from company to company.
Both components must be taken into account to follow the evolution of the raw material price.
Fuente: Belgapom
