date:Apr 29, 2022
The Mintec Benchmark Prices of processing potatoes in Belgium rose by 11% in the two weeks up to 20th April 2022, and up 264% year-on-year (y-o-y). This is largely attributed to rising costs of inputs combined with firm demand for processing potatoes. This rise follows a slight decline in prices in mid-March amid fears of trade disruption due to the Russia-Ukraine geopolitical conflict. The uncertainty led to many processers withdrawing from the free-buy market and relying on contracted supplies