12-20-2011: Burbank GRI
12-20-2011: Norkotah GRI
Audio Recording of Market Report, 12-23-11
The Federal State market news reported shipments of 669,000 for the week ending 12/14 and 788,000 for last week and reported the market on Russet Burbanks as: DEMAND LIGHT. MARKET ABOUT STEADY.
The tone on the conference call this week indicated moderated demand on all sizes. The FWA this week is at $16.05, down $0.54 from last week, which translates into an approximate return of $7.57*, down $0.31 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 Tuesday or go to unitedpotato.com. 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.
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