Audio Recording of Market Report, 6.26.2009
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The Federal State market news is reporting the market as: DEMAND CARTONS 90-100S FAIRLY LIGHT, OTHERS MODERATE. MARKET CARTONS 90-100S LOWER, OTHERS ABOUT STEADY. The tone on the conference call this week indicated moderate demand on consumers with good demand on larger cartons sizes and 10oz twos. 70 count carton Burbanks are at $22.50, stable last week, and 10# Poly is at $7.00, down $1.00 from last week. The FWA this week is at $13.87, down $0.39 from last week, which translates into an approximate return of $5.65*, down $0.35 from last week on a Russet Burbank crop that splits 60% one’s 50% Size?
The Columbia Basin GRI is at $7.34,the Colorado GRI is at $7.95, down $0.20, and the Wisconsin GRI at $9.17, up $0.05 from last week. For additional split scenarios please refer to the Grower return matrix on unitedpotato.com. If you have any questions and want additional details please give us a call. Remember its all about the GRI. 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 NAPN 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.
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