Audio Recording of Market Report, 2.19.2010
The Federal State market news reported shipments of 709,000 for the week ending 2/13 and 740,000 for last week and reported the market as: DEMAND MODERATE. MARKET BURBANK CARTONS 80-100S & NORKOTAH CARTONS 40-60S SLIGHTLY LOWER, OTHERS ABOUT STEADY.
The tone on the conference call this week indicated good demand on the large carton sizes and light demand on all other sizes. 70 count carton Burbanks are at $9.50, down $0.50 from last week, and 10# Poly is at $6.00, stable from last week. The FWA this week is at $7.76, down $0.30 from last week on Russet Burbanks, which translates into an approximate return of $1.85*, down $0.30 from last week on a Russet Burbank crop that splits 60% one’s 50% 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 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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