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Potato belongs to the species Solanum tuberosum and is cultivated for its starchy eatable tubers. It is an annual plant in the nightshade family called Solanaceae. In addition, the potato is one of the 150 tuber-bearing species of the genus Solanum, in which a tuber is the swollen closure of an underground stem.
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Moreover, it is indigenous to the Peruvian-Bolivian Andes and is one of the most prevalent food crops in the world. Potatoes are commonly served as whole or mashed in the form of a cooked vegetable and also milled into potato flour which is used in baling and for thickening sauces. The tubers are extremely digestible and are rich in vitamin C, protein, thiamin, and niacin.
China is the leading potato-producing country worldwide, followed by India and Russia.
Key Details About the Potato Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Potato price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Potato Price Trend, chart, including India Potato price, USA Potato price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Potato Price Trend:
The worldwide consumption of potatoes as a food product is moving from fresh potatoes to processed food products with added value. French fries or chips are one of the major items in the category of frozen potatoes, which are popularly served in restaurants and fast-food chains globally. Additionally, potato starch is extensively utilised as an adhesive, binder, and texture agent by the pharmaceutical, textile, wood, and paper industries and by oil drilling companies to wash boreholes. Moreover, fuel-grade ethanol is produced by liquefying and fermenting potato peel and other “zero value” wastes from potato processing.
Key Players:
- PepsiCo
- McCain Foods Limited
- POTATOES USA
News & Recent Development:
- April 20, 23: The European potato starch market is consistently exhibiting a negative price curve. The dip in the cost of feedstock potato as a result of a large production because of the high supply of starch based on upcoming increased production levels triggered the price of the potato starch to reduce by around 2.7 percent in April 2023. Simple logistics and shipping were aided by the promising temperatures in the region, recently increasing the supply of vegetables, specifically potatoes. The sharp regression in domestic agricultural product prices has also helped in the potato price decline.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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