*8.24.2010: Burbank GRI
*8.24.2010: Norkotah GRI
Audio Recording of Market Report, 8.27.2010
The Federal State market news reported shipments of 598,000 for the week ending 8/15 and 687,000 for last week and reported the market on new crop Norkotahs as: DEMAND BALED AND CARTONS 80-100s MODERATE, OTHERS VERY GOOD. MARKET ABOUT STEADY. The tone on the conference call this week indicated moderate demand on small bags and good demand and stable pricing twos and all other sizes with some higher prices being quoted on the larger carton sizes.
70 count carton Norkotahs are at $32.00, stable from last week, and 10# Poly is at $10.00, down $2.00 from last week. The FWA this week is at $18.86, down $1.24, which translates into an approximate return of $9.70*, down $1.30 from last week on a Russet Norkotah crop that splits 75% one’s 40% Size?
For other area GRIs and additional split scenarios please refer to the email market report you’ll receive Monday. If you fail to receive the report or United doesn’t have your email address, call the office at 208-535-8500. Thank you for your support.
*Note: We have been reporting the GRI based off of the North American Potato Market News in the past. We are now reporting based off of the United GRI chart on the website. The main difference between them is the NAPMN GRI does not take Freight and Scooping charges into consideration. The United GRI uses an average Freight and Scooping rate of $0.42 per cwt.
8.17.2010: Burbank GRI
8.17.2010: Norkotah GRI
Audio Recording of Market Report, 8.20.2010
The Federal State market news reported shipments of 711,000 for the week ending 8/08 and 598,000 for last week and reported the market on new crop Norkotahs as: DEMAND CARTON 40-70s AND U.S. TWOS GOOD, OTHERS MODERATE. MARKET ABOUT STEADY.
The tone on the conference call this week indicated moderate demand on small bags and good demand and stable pricing twos and all other sizes. 70 count carton Burbanks are at $32.00 and 10# Poly is at $12.00. The FWA this week is at $20.10, which translates into an approximate return of $11.00* on a Russet Norkotah crop that splits 75% one’s 40% Size?
For other area GRIs and additional split scenarios please refer to the email market report you’ll receive Monday. If you haven’t completed your August 21st field digs, please do so today and fax your dig forms to the United office. You can download a copy of the dig form at the United website. If you fail to receive the report or United doesn’t have your email address, call the office at 208-535-8500. Thank you for your support.
*Note: We have been reporting the GRI based off of the North American Potato Market News in the past. We are now reporting based off of the United GRI chart on the website. The main difference between them is the NAPMN GRI does not take Freight and Scooping charges into consideration. The United GRI uses an average Freight and Scooping rate of $0.42 per cwt.