Potatoes Market Expectations, Trends and Analysis

Potato Market Forecasting In Feb,2017.

At the beginning of 2016, the potato industry in China continued to develop steadily. The output of the local producing areas was greatly reduced due to the effects of extreme weather and epidemics. However, the output of the potato industry steadily declined slightly. Potential consumer demand for potatoes was relatively large with a slight consumption structure change; prices remain high.

(a) Production continues to grow steadily
With the acceleration of the process of structural adjustment of China’s agricultural supply side, potatoes planted in areas suitable for poverty such as Northwest and Southwest China may continue to increase. The potato production in China will continue to maintain rapid growth. It is estimated that the planting area in 2017 will reach 86.96 million mu and the total output will reach a record high of 96.82 million tons, up by 2.0% and 5.2% respectively over the same period of last year.

(b) Price fluctuations
From the law of price running, potato market prices are mostly high in the April-May each year, while breaking the record high in the years were in 2010, 2013 and 2016 in the spring, showing a feature of one breakthrough each three years. It is estimated that the price fluctuation of potatoes in 2017 will still follow the perennial fluctuation law and an overall trend will fluctuate ups and downs.

(c) Steady growth in consumption
Consumption as food use accounted for less than 70% of the total consumption of potatoes. Potato processing consumption may increase significantly, the annual processing volume is expected to resume to 8.23 million tons, which is an increase of 11.8% over the same period of last year.

(d) The healthy development of international trade
With the continuous deepening of the economic and trade cooperation between our country and the neighboring countries, especially the “Belt and Road” countries, it is estimated that the export trade of potatoes will continue to grow steadily. Especially in the areas where natural and technological conditions such as Gansu are more prominent, the export advantages of seed potatoes Will be further revealed.
Under the “double-reverse” policy, the domestic market of potato starch is gradually getting better, but this policy in the next two years will have an uncertain impact on the stable development of the industry after its expiration.
Overall, the international trade of potatoes in our country will still maintain a good momentum of development. It is estimated that the annual export volume will be restored to the level of 600,000 tons, a substantial increase of about 20% over the same period of last year.

Take Feicheng, Shandong as an example, Market in July,2017

Feicheng potatoes continued supply, and now into the late acquisition of fresh goods, the supply is still adequate, the specific price to market, but with little floating.
Farmers selling goods actively, according to the market demand for processing and packaging, packing box network can pack, take the market and cold storage, supermarkets at the same time a large number of acquisitions, at the same time large supply of fine potatoes, the main use is to export and food processing plants, potatoes have good quality and color after processing and packaging.
In 2017, Feicheng’s large storage capacity for local storage coupled with the expansion of cold storage facilities provided a large supply of potatoes. All-year supply of potatoes of various specifications were packed in cartons with nets packaging,or with plastic bags.

As manufacturers of Dehydrated Potatoes, size of Granules, Slices or Flakes, current raw material price is cheap enough and suitable for mass production. Now is a good time for order processing. For reference.