Market Report, 2-1-2014

The Federal State market news reported shipments of 844,000 for the week ending 01/18/14 and 740,000 for the week ending 01/25/14 and reported the market as: DEMAND CARTON 40-50s & 10 OZ TWO LIGHT, BALED FAIRLY GOOD, OTHERS MODERATE. MARKET CARTONS & U.S. TWO LOWER, OTHERS STEADY.

70 count carton Burbanks are at $18.50, and 10# Poly is at $11.50, both down $0.50 from last week. The FWA this week is at $14.51, down $0.57 from last week, which translates into an approximate return of $6.91*, down $0.36 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.