Audio Recording of Market Report, 1.8.2010
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The Federal State market news is reporting the market as: DEMAND FAIRLY GOOD. MARKET ABOUT STEADY. The tone on the conference call this week indicated good demand on all sizes with stable pricing. 70 count carton Burbanks are at $11.00 and 10# Poly is at $6.75, both stable from last week.
The FWA this week is at $8.97, down $0.38 from last week on Russet Burbanks.
Which translates into an approximate return of $2.73*, stable from last week on a Russet Burbank crop that splits 60% one’s 50% Size? The Wisconsin GRI is at $5.20, down $0.32, the Columbia Basin GRI is at $4.43,and the Colorado GRI is at $5.31, both stable 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 it’s 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 Web site. 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 $.42 per cwt.
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