Market Report, 2-15-2014

The Federal State market news reported shipments of 727,000 for the week ending 2/01/14 and 676,000 for the week ending 02/08/14 and reported the market as: DEMAND BALED AND CARTON 70-100s GOOD, CARTON 40-60s & U.S. TWO FAIRLY LIGHT. MARKET BALED SLIGHTLY HIGHER, OTHERS ABOUT STEADY.

70 count carton Burbanks are at $17.00, stable from last week, and 10# Poly is at $12.00, up $0.50 from last week. The FWA this week is at $14.08, up $0.15 from last week, which translates into an approximate return of $6.54*, up $0.08 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.