Belgapom potato price now over TEN times the price last year

The Belgapom price for potatoes for processing (Bintje) established weekly in Belgium last friday hit its highest level of this year. The price was over ten times the price last year.

"The Belgapom quotation is the most frequently used price observed on the previous working day for Bintje intended for processing into frozen potato products, from the field 35 mm+, suitable for chips (french fries), departure producer, loose on truck for immediate delivery/picking up. "

A Commission, composed out of 8 persons, of which 4 active in the potato trade and 4 in the potato processing industry, quotes on a weekly basis on Friday morning the Belgapom quotation. This is the most frequent price on the physical market for potatoes from the field with destination processing industry.

This Belgapom quotation makes part of the basket of European quotations, which are used to define the 'cash settlement price' of the potato futures market in Frankfurt (Eurex).