Lower storage volumes causing late summer potato market spikes - The Packer

Lower storage volumes causing late summer potato market spikes

08/07/2013 12:25:00 PM
Doug Ohlemeier

Volume is also expected to be considerably lower in the Red River Valley, said Tom Campbell, an owner and partner with Grafton, N.D.-based Campbell Farms.

“One-fourth of the whole crop could be lost due to drown out from the spring flooding and the crop’s lateness,” he said Aug. 7. “Without a doubt, the valley will be down in numbers. It could be down a million bags. Everything’s been late. The whole country has had lots of rain and drown-outs.”

Campbell said Big Lake, Minn., harvesting began Aug. 7 and said he didn’t expect Red River Valley harvesting to commence in volume until Oct. 1.

He said reds were garnering $40-50 a cwt. in July but said prices fell to $30-40 in early August.


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